STOCKWATCH: QPL International has seen no sign of absorption

Influenced by fringe factors, QPL International Holdings (0243) has underwent repeated slipping. Technically likely to rebound. However, technical figure indicates a stagnant state owing to the lasting thin turnover. No definite sign of absorption can be seen in chart. A short-term disorientation is expected. Recommend short-term investors to wait and see. Resistance stance is set at HK$3.9.

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