STOCKWATCH: Li & Fung weakens if 100-day MA line cannot be overcome

Li & Fung (0494) rebounded alongside the broad market and returned to the 10
-day MA line of HK$13, with falling trend coming to a halt. However, the
 rebounding stamina is rather limited in the late trading due to lack of
 sufficient turnover. It would retreat again and undergo consolidation at late
 session if it fails to return to the 100-day MA line of HK$13.65 in the
 foreseeable future. Not to bet on bottom for the time being. Supporting stance

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