STOCKWATHC: Continue to hold Shum Yip Investment if HK$2.4 kept

Shum Yip Investment Ltd (0604) has shown a trend of flag-shape consolidation after it rebounded last week over support of 50-day moving average line. Short-term support should be at HK$2.4 around 10-day moving average line. If it can keep the gateway, technically speaking, continuous hold or absorption at low for rebound is advisable. Short-term resistance set at HK$2.7.

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