STOCKWATCH: bet on technical rebound of NANJINGPANDA at HK$3.08

Nanjing Panda Electronics (0553) registered rebound last Friday under the support of 50-day MA line. However, considering the mediocre turnover, serious profit-taking from state-owned stocks and investors lackluster buying intention, the stock made rapid retreat after a high opening yesterday and remained soft this morning. With technical indicators weakening, it is expected to re-test the support of 50-day MA line in the foreseeable future. Short-term investors can bet on technical rebound at low. Supporting stance set at HK$3.06.

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