For the past one month, HEXTAR has developed volatility contraction pattern that has 3 contraction with healthy volume and price interaction.
Not yet a buy point. Can monitor this week if these C3 contraction valid support or not.
The content is my personal experience sharing through technical analysis point of view. The...
- There were a few entries after some pullbacks and breakouts at 1.00 and 1.42
- 1.30 was a fake breakout – one might be stopped out if chased the breakout at 1.30 – the base wasn’t strong enough
- Entry at 1.42 after a 39b was the better choice with lower volume which indicates less volatility
- It’s a bull – let it run and nail down profits...
Spotted this golden stock during end of January 2021 !
I entered at 0.885, but out at 0.935 after 1 week :X, now it hits 1.80 at highest! It's more than 100% in 3 months !
Have set 1.73 as TP on earlier of March and it has passed 1.73 for now.
S: 1.73, 1.65
R: 1.80 (if break, then fly higher, if not then pull-back would be seen)
NO INVESTMENT ADVICE IS PROVIDED
Please consider your own interpretation of Opportunity & Risk. The author of this post strictly follows the Malaysian Security Commission ( SC ) Guidelines on the prohibition of Investment Advice by unlicensed parties. Any examples shall use historical charts without any recommendations and not to cause inducement to...
6 Mac - Hit highest price
- Still in uptrend pattern
- Stochastic in uptrend in Normal Zone
- MACD line above MACD signal and above 0 = stronger signal
- Strong Momentum
- Jerung at 20%
- Low accumulation activity. If accumulation activity became higher then distribution mean the stock is strong (Jerung keep the stock)
Corporate Name : HEXTAR GLOBAL BERHAD
Symbol & Code : HEXTAR (5151)
Board : MAIN
Shariah : Compliant
Sector : Industrial Products & Services
Sub-Sector : Chemicals
• Weekly: Weekly, Hextar would enter stage 2 in less than 1 month. Eye-balling chart is in retracement. HEXTAR is impressive in term of its fundamental analysis.
• Daily: After a gap up, price...