STOCKWATCH: bet on technical rebound of Hopewell

Hopewell Holdings (0054) made rapid retreat after setting a new high of HK$5.4 last month, and dipped through the technical supporting gateway of HK$4 last week. As reflected in charts, the stock retreated to HK$4 where strong support should exist. Technical rebound will come out if the level can be maintained in the short term. Investors are advisable to make short-term investment around HK$4.

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