STOCKWATCH: Denway Motors re-sets new high and to rise in late session

Denway Motors Ltd (0203) suffered downward trend for consecutive four days amid
 the bearish broad market last week. Fortunately enough, it stabilized at the 
10-day moving average line and re-created new high this morning. As reflected 
in charts, with minor down-range and modest selling pressure, the stock is 
expected to try new high in the late trading. From a short-term view, however,
 due to technical indicators on a relatively high position, investors should
 collect it at low during consolidation rather than buying when it surges.

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