STOCKWATCH: make short investment on Johnson Electric if HK$2 overcome

Johnson Electric Holdings Limited (0179) returned to the 10-day MA line yesterday and is facing the significant resistance gateway of HK$12. With turnover increasing slightly, the stubbornly slack market will bring certain pressure for it to overcome HK$12. Short-term investors should keep sidelined and then make short-term investment once the resistance stance is broken through. Supporting stance set at HK$11.4.

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