STOCKWATCH: Wheelock scope of rebound limited

Wheelock (0020) obtained support on its 100-day moving average line while plunging last week. Technically there is a need for rebound but the stock was nevertheless falling in the up-coming market this morning, indicating a lack of buyers at this level. Rising power of the stock is not expected to be too high. It is recommended to take profit at a suitable high. Resistance stance set at HK$7.3. Stop loss at HK$6.5.

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