STOCKWATCH: collect China Foods Holdings at HK$1.9

Following the new high set last week, China Foods Holdings (0506) retreated to consolidation over a fading turnover amid the bear broad market, with short-term technical indices entering over-sale zone. Technically, it is expected to stabilize around HK$1.9 and maintain the consolidation in the foreseeable future. Investors should collect it around HK$1.9 for mid-term. The stock may try new height again after the consolidation. Resistance stance set at HK$2.15.

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