STOCKWATCH: Qingling Motors to hold for mid-term

Qingling Motors (1122) soared recently over a sufficient turnover and enjoyed a favorable upward trend as indicated in the charts. It is expected to maintain the momentum at late session and technical consolidation needed since RSI has approached the over-sale zone from a short perspective. Advisable for holding as long as the supporting stance of 10-day MA line can be kept. Near-term resistance set at HK$2.05.

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