STOCKWATCH: Technology Venture take V-shape reverse; mid-term target HK$1.65

Technology Venture (0061) has rebounded alongside the broad market in the past two weeks, turnover sustaining the up-trend. Charts indicated a V-shape reverse at the bottom. RSI showing a strong tendency of rebound and fringe tech booming are expected to offer impetus for further surge. It returned to Bolliger¡¦s mid-band, likely to soar up after slight consolidation. Mid-term target: HK$1.65. Recommend collecting at low. Supporting stance is set at HK$1.1.  

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