STOCKWATCH: Guangzhou Pharmaceutical to hold if 10-day MA line kept

Guangzhou Pharmaceutical (0874) retreated slightly to consolidate at 10-day moving average line last week. It regained support and surged again to record a new high today. Rumors that the company is related to some stake transferring and merger schemes stimulated the stock to soar up over 1 time. According to the present situation, turnover is still mild, indicating some room for further rise. Recommend mid-term investors to hold with stop loss at 10-day moving average line. Supporting stance is set at HK$1.8. 

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