STOCKWATCH: Guangnan (Holdings) short-term resistance at HK$0.25

Guangnan (Holdings)(1203) has succeeded in breaking through with sufficient turnover and soared up rapidly. But it retreated slightly in the previous two trading days. Technically speaking, the surge in a short time and a up range over one time is very common to cause short-term profit-taking. Its rebound in the down-going market today implies feasibility of further rising. With RSI still in overselling zone, short-term dealing is the best choice. Short-term resistance is set at HK$0.25. Supporting stance HK$0.2.  

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