STOCKWATCH: discard Giordano International at high

Giordano International (0709) continued to test the support of 50 and 100-day MA lines around HK$4.25 today. Short-term technical shape would deteriorate if it fails to return to the supporting level at closing. With turnover fading, a technical rebound, if any, would be quite limited. Advisable to dispose at high or keep on sideline. Resistance stance set at HK$4.5 and stop loss at HK$4.18.

Related stock : (709)