STOCKWATCH: Greencool Technology resistance stance at HK$3.1

Greencool Technology Holdings (8056) returned to HK$3 and underwent consolidation after slipping for consecutive two weeks in early June. A flag shape was emerging and the resistance stance set at HK$3.1. With positive technical indicators, the 10, 20 and 50-day MA line overlapped and the RSI has broken through the downward-band resistance. Advisable to buy in after it stabilizes was at HK$3.1. Expected to rise to HK$3.5.

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