STOCKWATCH: Qinling Motors for short-term; resistance at HK$1.3

Qingling Motors (1122) has recently been able to shake off the shackles of the broad market and consolidate on the 50-day moving average line. The stock may expect to go up when the market technically rebounds. RSI is nevertheless loitering and turnover on the low side at the moment. Recommended for short-term investment. Supporting stance is set at HK$1.13. Resistance stance set at HK$1.3.

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