STOCKWATCH: Legend slackens falling tendency, not to bet on bottom

As reflected in the charts, the price of Legend Holdings (0992) retreated to the low level of late last year and although it showed consolidation in narrow range, its falling tendency would slow down technically in short term. It once tried a resistance level of HK$4.75 on 10-day moving average line with turnover remained low. The short-term technical indicators including RSI turned negative amid the soft market and it was unlikely to rebound in the near future. The investors are not advised to bet on bottom. Supporting stance is

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