drchow92

Hiaptek to explode

Long
MYX:HIAPTEK   HIAP TECK VENTURE BHD
Hiaptek has been looking to break out from a descneding triangle for some time now and it seems it is nearly there. Covid scares and political turmoil has slowed this stock down (as shown by decreasing volume), but looking at how the price action is hugging the descending trendline you can see the stock wants to go higher. This would be further backed up by the rapid increase vaccination rate within Malaysia recently, hopefully the construction sector will begin again soon and this will further fuel the stock price increase.

Target price = 0.760
(Set sell order 0.755)
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