STOCKWATCH: Denway Motors has not broken through resistance at HK$2.02

Denway Motors Ltd (0203) has been consolidating at high level for a long time, while no sign of breakthrough can be shown in charts. RSI continues the hovering trend with turnover staying at a low level. A breakthrough may not occur in short term. Consolidation is expected to dominated the coming days. Recommended mid-term hold. Resistance stance is set at HK$2.02. Stop loss: HK$1.78.

Related stock : (203)