STOCKWATCH: Softbank no rebound without supporting news; stop loss at HK$0.65

Softbank Investment (0648) has been consolidating on the 10-day moving average line for 10 days. The stock is expected to stabilize but judging from the present situation, with RSI still hovering around 40 and turnover on the low side, plus uncertainty of the broad market, it can probably not rebound without positive stimulation. Rather, it will enter the consolidation zone. Stop loss at HK$0.65.

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