STOCKWATCH: Jingwei Textile Machinery stops loss at double-head

Jingwei Textile Machinery (0350) closed high against the down-ward market and returned to the 10-day moving average line. It may turn on a mixed trend in late session, with RSI on soft side in consolidation and turnover fading. Multi-head doubt is not ruled out. Holders are suggested to stay on the sideline and discard at high. Profit-taking selling is wise once retreat occurs. Stop loss level set at HK$1.8.

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