STOCKWATCH: Wharf climbed down to test HK$19.5 100-day MA line

Wharf Holdings Ltd (0004) plunged alongside the broad market today, at one time hitting HK$19.5 on the 100-day moving average line. The stock obtained initial support later and edged up again with the rebound of the market. RSI, however, shows signs of descent. Technically there may be a chance for bounce but all depends on the performance of the broad market. It is expected to see certain resistance at HK$21, and if it should fall beneath the 100-day moving average line, investors should stop loss.

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