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Shares of Singapore-listed China Minzhong Food Corp , which rose sharply in September, could reverse, technical charts suggest.
Shares of the vegetable processing company face strong resistance at their 200-day exponential moving average.
Relative Momentum Index (RMI) at 79 suggests an overbought zone.
The Money Flow Index indicator shows a bearish divergence as the indicator has made a lower high, though the stock price made a higher high.
The stock is up 11.8 percent over the past month, while the sector index rose 1 percent in the same period, as of Monday's close.
(Reporting By Patturaja Murugaboopathy; Editing by Gopakumar Warrier)
Keywords: MIDCAP CHINAMINZHONG/