STOCKWATCH: QPL International to rise if it stabilizes at HK$3

QPL International Holdings (0243) staged technical rebound this week after it gained support at HK$2.5 last week. With a minor round-bottom trend, it witnessed over-selling with turnover increasing gradually. It tested the gateway of HK$3 this morning and is expected to register a V-shape trend and rise if it stabilizes at HK$3. Otherwise, it may retreat to build double bottoms. Near-term supporting stance set at HK$2.75.

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