STOCKWATCH: Giordano should go through consolidation

Giordano International (0709) plunged from HK$4.05 to HK$3.6 and then rebounded rapidly to the level of HK$4, but was still controlled by the 20-day MA line and mid-term down-band resistance. It should undergo consolidation to adjust the over-selling status since the upward trend is too rapid. Initial supporting stance set at HK$3.975.

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