STOCKWATCH: Wharf sees quiet turnover

Wharf Holdings (0004) formed a double-bottom shape recently and may test the neckline resistance level of HK$17.2 in the near future. However, it will suffer considerable technical resistance due to lack of vivid turnover and may test the 50-day MA line of HK$18 in the late trading if it can overcome the neckline resistance. Investors can absorb around HK$16.6. Supporting stance set at HK$16.2.

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