STOCKWATCH: New Rank City: short-term take profit

New Rank City (0456) has now approached the HK$1.41 resistance stance on the mid Bollinger's Band. Judging from the volume of transactions lately, there seems to be insufficient strength for further rebound. With current market condition on the weak side, it is not unlikely that the stock will be dragged down later. Recommended to take profit first. Supporting stance is set at HK$1.3. 

Related stock : (456)