STOCKWATCH: sell Johnson Electric when it rebounds

Johnson Electric Holdings Ltd.¡]0179¡^rebounded today alongside the broad market. But it obviously met resistance at 50-day moving average line as the stock price went soft after an initial surge. RSI is still under consolidation and the short-term surge lacks strength. Head room of rebound is expected to be limited with the insufficient cooperation of rising turnover. Recommend short-term investors to sell the stock when it rebounds. Resistance stance is set at HK$13.5, support stance at HK$12.2. 

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