STOCKWATCH: TCL International decline not to be held back

TCL International (1070) has been on and off on the downward track. The gradient of the decline may not be steep, indicating that space for plunging is limited, but, judging from technical indicators such as RSI and MACD, the stock has been on the soft side for a long time and that, given the market situation, this state is not to be reverted within a short time. There may be the chance of the stock going even lower later. Support can be seen at the psychologically and technically important level of HK$1. Not recommended for absorption as yet.

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