STOCKWATCH:GD Kelon resistance at HK$2

Guangdong Kelon Electrical Holdings (0921) rebounded sharply alongside the rise of the broad market and state-owned sector. RSI returned to strong zone above 60 level. The turnover saw a distinct rise. Although it has some rebound space, the accumulated up range of state-owned stocks spread profit-taking pressure on the stock. A resistance zone of transactions at HK$2 level has been reflected on the charts. If the rebound should meet resistance at the level, profit-taking selling is advisable.

Related stock : (921)