STOCKWATCH: Short-term New Rank City: first take profit

New Rank City (0456) has stabilized at HK$1.3-level of Bolliger's mid-band. With head indicated in RSI obviously turning soft and turnover on the low side, power and range of short-term rebound limited and profit-taking selling recommended. Supporting stance set at HK$ 1.29 and initial resistance stance set at HK$ 1.5.

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