STOCKWATCH: GZITIC Hualing to re-test new high after consolidation

GZITIC Hualing Holdings (0382) once saw a ˇ§shooting starˇ¨ after it took a big leap and created a new high last week with support of turnover. It retreated to HK$0.4 supporting position the next day. Yesterday it succeeded in another breakthrough. Charts reflected return of ˇ§shooting starˇ¨ this morning with turnover swelling, which may result from profit-taking. With RSI in face of overselling zone, technically it needs a short-term consolidation and is expected to gain stability at HK$0.4. A re-testing HK$0.5 after consolidation is expected. Supporting stance: HK$0.4. 

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