On Thursday, Hyflux re-tests the support at $1.25 and closed at $1.245 with LOW volume of 0.45 million shares traded.

RSI & MACD are bearish as RSI trend downwards.

Important Resistance of Hyflux: $1.25

Immediate Support of Hyflux: $1.18

Currently prices are well below 20/50/100/200 days MA.

Hyflux undergo heavy selling pressure on 24/June and breached the critical support at $1.25.

The resistance at $1.25 is expected to be strong.

For the past 3 trading sessions, prices have been recovering under low buying pressure. However we would like to warn not to enter Hyflux till $1.25 resistance breached since it could be shortist covering.

Stock Chart: Hyflux! is contributed by : Singapore Stock Information Exchange