STOCKWATCH: New World Development lacks dynamism on thin turnover

New World Development (0017) has been in consolidation shape recently. As indicated in charts, the 10-day MA line rendered robust support to the stock that is believed to have slim chance to dip, given no gloomy news. It lacked stamina and failed to overcome the consolidation platform due to dearth of sufficient turnover. However, it still boasts a chance to churn up alongside the bullish broad market and investors can collect at low for short-term. Supporting stance set at HK$10.

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