On Thursday, Hyflux re-tests the support at $1.345 and closed at $1.35 with LOW volume of 1.24 million shares traded.
RSI & MACD are flat as MACD lines converge closely together.
Important Resistance of Hyflux: $1.38
Immediate Support of Hyflux: $1.345
Currently prices are supported by the 200 days MA at $1.345.
Since 12/Nov/12, prices have been trending upwards forming a higher high and higher low. This is a bullish signal.
The resistance at $1.38 is expected to be strong.
Currently Hyflux are trending sideways pending for the earnings report and it was reported today at 6pm. Watch for this stock tomorrow for any actions.
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