This week, Hong Fok catches my attention this week because
a) It has risen approximately 33% in 12 out of the past 13 trading days from an intraday low of $0.685 on 28 Feb 2019 to close $0.910 today. It is noteworthy the 13th day is at an unchanged level. In other words, Hong Fok has not had a down day since 28 Feb 2019;
b) At $0.910, this is near its 25 Oct 2015 high of around $0.91-0.920. The previous high which is higher than $0.920 occurred in Sep 2014. I.e. Hong Fok is trading near a four plus year high level;
c) Based on Chart 1 below, Hong Fok has been trading in a nine-month range $0.640 – 0.730 from Jun 2018 to Mar 2019. An eventual measured technical target arising from this chart breakout is around $0.820 which has already been attained;
d) Indicators are looking extremely
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