STOCKWATCH: not dip Phoenix satellite while it churns

Rebound of the broad market failed to push up Phoenix satellite Television Holdings (8002). The stock price kept sliding along down-going band. high closing in the morning session still could not pull it out of the band. RSI continued to be weak alongside a thin turnover. Hard to reverse the current weak trend in short terms. Not suitable to retrieve from such depth. Resistance stance: HK$1.52.

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