STOCKWATCH: discard Nanjing Panda Electronics while high

Nanjing Panda Electronics (0553) tumbled through the level of HK$3 after setting a new high of HK$4.05 in early June. Despite the rebound last week, it plummeted after hitting HK$3.4 on a swelling turnover and suffered serious high-position selling pressure. With 10-day MA line dipping through the support of 50-day MA line, it will perform weakly in the mid-term. Investors

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