STOCKWATCH: Beijing Printing to rise if HK$1.5 kept

Beijing Printing Machinery Holdings (0187) has regained support at10-day moving average line despite a recent retreat. Charts indicate turnover saw no great increase when it retreated, showing investors were expecting better situation. With little selling pressure at present price, it is expected to take a short-term consolidation. If HK$1.5 supporting stance should be kept, it may rise, or take profit first. Short-term resistance stance is set at HK$1.73.

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