STOCKWATCH: Esprit posts technical rebounds; discard at high

Esprit Holdings (0330) declined sharply along with the slack broad market last week and gained technical support at the 100-day MA line. A technical rebound came under the support of 100-day MA line yesterday over a fading turnover. The stock failed to sustain the rebound of yesterday and underwent consolidation this morning. The extent for short-term rebound is limited. Short-term investors should discard it at high. Resistance stance set at HK$9.55 and supporting position at HK$8.9.

Related stock : (330)