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Tuesday, August 7, 2018

Wing Tai Holdings (W05) $2.08

Wing Tai holdings is currently trading at the upper boundary of a downtrend channel. Although some trading systems (eg: CSI) have already issued buy signal, I would prefer a break above $2.15 as a safer entry. This is the price where the stock is :breaking out from the downtrend channel, a resistance level at $2.14 and the 200 days moving average.