STOCKWATCH: Beijing North Star continues to slip

Beijing North Star (0588) dipped through the support of the Bolliger¡¦s lower band again today and is expected to perform even more poorly in the short term. Keep sidelined for short-term since it may further drop in the late trading. It is expected to test the gateway of HK$1 if it fails to stabilize around HK$1.25. Time is not mature to bet on the bottom technically. Can make short dealing and absorb it below HK$1.3 to bet on technical rebound. Stop loss at HK$1.2.

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