STOCKWATCH: Denway Motors short-term resistance stance at HK$3

Denway Motors Ltd (0203) went soft around HK$3 recently. It once dipped through
 the previous upward band and retreated to the level around HK$2.5 with 
turnover slightly increasing, which is believed that investors had took profit
 and left the trading floor. Though it faces the high position again, with the
 weakening short-term technical shape, it is expected to churn around the
 resistance stance of HK$3 and to rise in the mid-term. Therefore, it is wise 
for mid-term investors to continue to hold. Short-term supporting stance set at

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