STOCKWATCH: Tungtex to test HK$1.5

Tungtex Holdings (0518) rose through the rectangle band of HK$1.4 last Friday and showed strong stamina. With various technical indicators in upward trend, it will perform excellently for mid-term. However, with RSI entering over -selling region, it will suffer profit-taking pressure in the short term . Advisable to buy in for mid- and long-term when it retreats to HK$1.4.

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