One more stock was put under my watchlist. Above is the daily chart for 0710.HK (Varitronix International). The price still could not break the resistance area after five trials, but it seems to have gained enough power (in terms of shares for corporate investors) to be lifted. Once the area breaks, the next resistance level would be at around 3.6-3.8.
Today the price reached the 20SMA and could not break it. However, the increased volume and the low-level MACD/EMA are together helping the price break the SMA, and would possible lead the price to new high above the resistance area. Keep an eye on it, and it definitely worths buying once the price breaks that strong area. Potential return would be at around 20% within several weeks.
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