STOCKWATCH: continue to hold Chaoda Modern Agriculture for mid-term

Chaoda Modern Agriculture Holding (0682) retreated to consolidation after setting a new high last month. Though it once tested the support of the 50-day MA line, it maintained strong consolidation around HK$1.9 over a quiet turnover. Technically speaking, with minor profit-taking pressure, it can be held for mid-term if the gateway of HK$1.8 can be kept. Near-term resistance

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