STOCKWATCH: Kingboard Chemical short-term resistance at HK$4.9

Kingboard Chemical Holdings (0148) once declined sharply yesterday and staged rapid rebound after gaining support at the 50-day MA line of HK$4.25, thus maintaining its recent consolidation shape. The broad market rebounded this morning, which is believed to help the stock revive. Investors can make short-term investment if it can overcome the recent high-level resistance of HK$4.9 when the broad market rebounds.

Related stock : (148)