STOCKWATCH: Mid-term Founder to rise; still to hold

Founder Holdings (0418) continued to rebound this week with active transaction  and swelling turnover. RSI returned to 60 level. Technically there is some space for further rising. The stocks hovering at HK$2 this morning implies certain resistance at HK$2.1 100-day moving average line. It is likely to consolidate. Recommend investors to hold or absorb at low as there is space of profit-taking. Supporting stance is set at HK$1.94. Short-term resistance is set at HK$2.1.

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