STOCKWATCH: Tong Ren Tang short-term supporting stance at HK$5.45

Tong Ren Tang Technologies (8069) stabilized under the support from the HK$5.45 Bolliger¡¦s upper band despite the sluggish broad market this morning. Charts showed that it still maintained a strong upward shape and would further rise technically. With RSI on a high stance, a near-term consolidation is unavoidable if the HK$5.45 support can¡¦t be kept. Stop loss for short-term and supporting stance set at HK$5 gateway from a medium perspective.

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