STOCKWATCH: Denway Motors stop loss level: HK$1.8

Denway Motors Limited (0203) has been stabilizing in consolidation zone at high level.Nevertheless pressed down by upper Bollinger's Band and RSI hovering. Turnover volume indicates limited rebound chance. Expected to consolidate for some time. Can continue to hold if HK$1.8 position is kept. Otherwise take profit first. Resistance stance set at HK$2.

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