STOCKWATCH: Golden Resources Dev sees outstanding rebound

Golden Resources Development International (0677) climbed over HK$0.53 in two consecutive days after completion of consolidation in late May. A late selling, however, can not hold back the strong support of 20-day moving average line at HK$0.45. With share price surging over 10-day moving average line and sufficient turnover, it is most likely to see volatility. If the stock should stabilize at HK$0.49, positive prospect is expected. Stop loss if HK$0.47 lost.

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