STOCKWATCH: Sino Land short-term supporting stance at HK$3.325

Sino Land (0083) showed round-head trend for the past two weeks. With weak short-term shape, the last technical supporting stance should be at the Bolliger¡¦s lower-band of HK$3.325 where the stock is testing the support. With turnover remaining tranquil and the broad market undergoing consolidation, the chance of dipping through is great. It may test the previous low level of HK$3 in the late trading if it can finally close at the level today.

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