STOCKWATCH: Cheung Kong Infrastructure plunging below 50-day MA line: stop loss

Cheung Kong Infrastructure Holdings Ltd (1038) was plunging alongside the broad market this morning. Charts indicate a fall beneath the support of 50-day moving average line and the lower Bollinger's Band. RSI has also retreated to the lower terrain of the 40-day moving average line, an obvious indication of weakness. If the stock should be unable to return to HK$13.15 on the 50-day moving average line, it is recommended to stop loss. Likely to go down to try out support at HK$12.5 on the 100-day moving average line.

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