STOCKWATCH: Oriental Press slumps to low level of March

Oriental Press Group (0018) accelerated the downtrend and retreated to the March low level of HK$0.94 after dipping through the support of the transverse consolidation zone of HK$1.13 in the previous two weeks. The turnover in the recent two trading days increased, which is believed that some speculative buyers bet on short-term technical rebound when RSI entered over-selling zone. The stock will likely test the support of HK$0.94 in the late trading since the current turnover still cannot support the rebound. Investors can bet on short-term investment if it can stabilize over buying support. Otherwise, they should keep sidelined.

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