STOCKWATCH: Johnson Electric falls through supporting 50-day MA line

Johnson Electric Holdings Limited (0179) plunged by near 6% this morning to close at HK$12.45, falling through the HK$12.7 double supporting positions of the 50-day moving average line and Bollinger's Band. Turnover is on the increase and selling pressure strong. RSI has not yet entered over-selling zone. May try lower position of HK$11.4

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