Juliac
Long

Hi-P - trend reversal to up

HI-P (SGX:H17)  
SGX:H17   HI-P
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Hi-P formed a rounded bottom over the last 6 to 7 months and rosed strongly last Fri on a strong bullish candle with a high volume . Today it pushed through the "neckline" at 1.18 strongly. The trend is on the upside going forward and I would put a stop loss just under the low of today's large candle (ie stop loss at 1.08). Am expecting it to rise to around 1.55-1.65 in the mid term to close the prior gap there. However since TA is all about odds and not guarantees, I would trail my stops upward but giving it enough wiggle room for minor pullbacks along the way. Hoping for the best.
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