STOCKWATCH: Collect Giordano International around HK$4.20

Giordano International (0709) churned in wobbliness recently and repeatedly tested low support. Chart indicated that, with short-term technical indicators weakening, it rebounded over a vivid turnover at the supporting stance of 50-day MA line. However, it failed to carry the upward trend of yesterday and is expected to see modest stamina in the short run. Investors are advisable to keep a waiting attitude and bet on the technical rebound around the HK$4.2 50-day MA line since its performance in the late trading depends heavily on the broad market.

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