STOCKWATCH: Varitronix stabilizes at HK$5.75; to bet short-term rebound

Varitronix International (0710) retreated against the broad market this morning. Most of up-range of rebound has been offset. Technical support at HK$5.75 10-day moving average line is reflected by chart and it may take further rebound alongside the up-gong market. Absorption at the supporting position for short trade is advised. Short-term resistance is set at HK$6.1.  

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