STOCKWATCH: bet on short-term rebound of Beijing North Star around HK$1.9

Beijing North Star (0588) showed the downward trend dragged by the dismal broad market this morning. As reflected in charts, with worsening short-term technical indicators, it is expected to test the technical gateway of HK$2 repeatedly, if which is lost, the stock may continue to test the support of 50 -day MA line of HK$1.875. Investors are advisable to discard at high. A short- term technical rebound would come if it can gain support at the 50-day MA line

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