STOCKWATCH: Beijing North Star initial support at 50-day MA line

Beijing North Star (0588) has acquired initial support at HK$1.5 on its 50-day moving average line in the past two days. Turnover has increased, indicating technical stability. RSI is nevertheless not too optimistic; rebound power may hence be limited. Consolidation is to be expected. Advisable to sell while high. Resistance stance at HK$1.2 and stop loss at HK$1.04.

Related stock : (588)