STOCKWATCH: Legend has not yet seen buying signal

Legend Holdings (0992) made rapid retreat from the high stance of HK$6.95 in the past two months and accumulative down-range has reached 40%. With RSI at 27 indicating a serious over-selling technically, %B has not yet revived and short-term buying signal has not surfaced, either. Expected to test the Bolliger¡¦s low-band of HK$3.95 at late session. Rebounding resistance set at HK$4.3.

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