STOCKWATCH: Fall of Great Eagle halts; supporting stance at HK$12.9

Great Eagle Holdings (0041) had once been slipping on the fall of the broad market and is now consolidating in a narrow zone, technically showing signs of base constructing. If there should be no favourable news in the broad market, the stock can stabilize on the present level but performance depends largely on general condition of relevant sectors. Its current state is turning foul and it is advisable to wait and see. Supporting stance is set at HK$12.9 and resistance at HK$14.

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