STOCKWATCH: Yizheng Chemical Fibre to fall through HK$1.32; stop loss

Yizheng Chemical Fibre Company Ltd (1033) has recently been pressed by its 50 and 100-day moving average lines. Obvious signs of head-building in the charts, currently at the neck part. If the stock should fail to stabilize soon, it may climb down to lower terrain. RSI is on the weak side and turnover meagre. With prospect being uncertain, should sell while high. Resistance stance set at HK$1.48 and stop loss at HK$1.32.

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