STOCKWATCH: keep Global Bio-chem Technology at HK$1.5

Global Bio-chem Technology Group (0809) dipped through the 10 and 20-day MA lines yesterday. With price approaching the Bolliger¡¦s lower-band and the double supporting stance of HK$1.5, a chance of falling through the supporting level is rather big since technical indicators such as RSI and %B saw divergence. Investors should leave the trading floor and keep sidelined.

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