Nott Invest

HIAPTEK - Confirmed Reversal?

Nott_Invest
Publish date: Mon, 09 Aug 2021, 10:16 AM
Nott_Invest
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Nott Invest Analyses
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Sector: Steel

Analysed on 08/08/21

HIAPTEK seems to have found the support around RM0.475 to RM0.500, with the formation of double bottoms, followed by a higher low. It is also worth mentioning that the volatility of HIAPTEK has been reduced as compared to before. HIAPTEK is currently trading at RM0.540, with immediate support at RM0.510 and immediate resistance at RM0.580.

Note that EMA25 has begun to trend upwards, which indicates potential sign of reversal. Occurrence of golden cross (EMA25 moves above EMA50) will further confirm the reversal for HIAPTEK.

Reason to Monitor: Potential Sign of Reversal

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Discussions
Be the first to like this. Showing 3 of 3 comments

ahbah

Reversal is on for all steel stocks !!!!

Get in fast !

2021-08-09 10:23

calvintaneng

ahbah ahbah

you better go buy palm oil shares

this month will see strong profit growth for all palm oil companies

still itchy for steel?

then go buy laggard masteel

2021-08-09 10:25

ahbah

I am a steel kid now !

2021-08-09 10:26

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