HENGYUAN 4324 bursa saham malaysia stock analysis 14-May-2022

Short term analysis:
Price comes to previous high range of 7.00 dated 08-Dec-2020
1) Price has divergence with Bull Bear Detector (BBD) : higher price but lower BBD candle
2) Price has divergence with Smart Money Flow (MI02b) indicator : higher price but RED bar in MI02b (profit chip) getting lesser,
this may indicates traders are selling off for profit!

Mid term preparation:
Wait for price to break above 7.00 previous high resistance to continue the uptrend momentum



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Disclaimer:
This published Idea is solely for the purpose of education and opinion sharing, and should not be construed as investment advice or recommendations to buy or sell any security.
Get your trade advise from a legit broker, you are responsible on your own trade.