STOCKWATCH: discard Guangnan Holdings for short-term in view of thin turnover

Guangnan Holdings (1203) rebounded sharply against downward market yesterday and recovered losses last week. Charts indicated that it was facing the high-level resistance around HK$0.24. It is expected to have limited stamina in late trading considering the insufficient transaction. Profit-taking while high wise for short-term investors if the supporting stance can¡¦t be kept. Near-term supporting stance set at HK$0.21.

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