STOCKWATCH: Swire Pacific ¡§A¡¨ should stop loss at HK$50

Swire Pacific ¡§A¡¨ (0019) was plunging at large volume today. Charts indicate loss of support from 100-day moving average line and lower Bollinger's Band. Head-formation obvious. Technical indicators on the weak side. Sharp turn for the better hard to expect at the moment. Advisable to sell while high price stands. Stop loss level: plunge towards HK$50.

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