STOCKWATCH: absorb Beijing North Star below HK$2

Beijing North Star (0588) dipped through the recent supporting gateway of HK$2 this morning. With weakening short-term technical indicators, it is expected to stage choppy performance in the near future and to re-try the supporting level in the late trading. Investors are advisable to collect at low for mid-term since it boasts positive uptrend and would likely gain strong technical support at the 50-day MA line of HK$1.91. Near-term resistance stance set at HK$2.19.

Related stock : (588)