STOCKWATCH: Wing Lung Bank gains robust support at 100-day MA line

Wing Lung Bank (0096) re-gained strong support at the 100-day MA line and posted technical rebound today. However, due to lack of vivid turnover and strong stamina, it met resistance at the 50-day MA line of HK$36.4 and made rapid retreat. Technically speaking, it retreated to the 100-day MA line for several times and stabilized, indicating a considerably vigorous support at the level. With RSI in a strong rebounding status, it is expected to test new high in the late trading. Mid-term investors should absorb at low. Supporting

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