STOCKWATCH: Wharf on weak side; stop loss at HK$16.5

Wharf Holdings (0004) retreated to the low level of April and underwent churning consolidation around the level recently. Having met pressure from the 10-day MA line of HK$17.55, it closed lower persistently. With technical indicators on weak side, it may test lower-level support in the late trading if it fails to return to the 10-day MA line in the short term. Investors should not bottom it at present.

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