STOCKWATCH: Manulife Financial stop loss: HK$199

Manulife Financial (0945) has been volatile in high position. A triangle indicating consolidation has been detected in the charts. The stock declined today in face of resistance in consolidation zone near 50-day moving average line. RSI also indicated a down-going tendency. With turnover on the low side, there will be consolidation for some time. Resistance stance set at HK$210. Stop loss level: HK$199.

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