STOCKWATCH: Henderson LA lacks turnover support

Henderson LA (0012) stabilized at the 10-day MA line of HK$34.4 and rebounded. However, the drooping turnover, which showed weak buying desire from the investors, would post a hindrance on its rebounding performance in the late trading. Charts indicated that it will face resistance from the 50-day MA line of HK$36. A double-bottom-shape consolidation would come if the breakthrough cannot be made in the near future. Short-term investors should discard at high. Supporting stance set at HK$34.2.

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