STOCKWATCH: Tingyi: short-term to dispose; mid-term to hold

Tingyi (Cayman Islands) Holding (0322) retreated at HK$1.4after recording a new high in previous days. Although it came up to re-test a new high with support of HK$1.2 level, charts indicated lack of sufficient turnover, RSI tending to be weak. In the early session, it saw quiet transaction. Short-term investors are advised to take profit first while mid-term can still hold as up-trend has not changed. Stop loss: HK$1.18.  

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