STOCKWATCH: Sun Hung Kai on soft shape, consolidation necessary

Sun Hung Kai (0016) tumbled through the10-day moving average line, with RSI maintaining the consolidation. As reflected in the charts, various technical indices showed weak and consolidation should be kept in the short term. Sidelined attitude wise in near term. Mid-term investors can absorb around the level of HK$71.5. Short-term stop loss level set at HK$70.

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