STOCKWATCH: Shum Yip Investment to try new high; near-term resistance at HK$2.7

Shum Yip Investment (0604) retreated to consolidation amid the bear broad market in the past days. Charts showed that it should gain considerable support at HK$2.4 and stabilize on the 10-day MA line at the closing. Bounding along with the broad market this morning, it is expected to consolidate and stabilize and try new high in the short term. Investors can absorb at low, with short-term resistance stance set at HK$2.7.

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