STOCKWATCH: Tong Ren Tang to record a new high

Tong Ren Tang Technologies (8069) was recommended to buy Tuesday, which is proved by four red closings. Yesterdayˇ¦s tendency shows intention of trying to test high resistance. Charts indicated obvious support with coordination of turnover. It is expected to have potential of creating a new high. However, RSI showing overselling and resistance at high position will make it need consolidation in short terms. Investors can continue to hold. Once it breaks through resistance zone at HK$4.7 to HK$5, it will churn up to test a new high. Supporting stance is set at HK$4.  

Related stock : (8069)