Above is the daily chart for Li & Fung (0494.HK). The price has just tested its downtrend channel resistance. Momentum is not enough today to break it. We have to keep track of it for next few days to confirm a breakout or resisted. The long red line is a long-term support for Li & Fung. As long as the price does not break this line, we can still be positive for Li & Fung.
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