On Thursday, Hyflux re-tests the resistance at $1.18 and closed at $1.17 with LOW volume of 0.298 million shares traded.

RSI & MACD are bullish as RSI trend upwards.

Important Resistance of Hyflux: $1.18

Immediate Support of Hyflux: $1.15

Currently prices are resisted by 50 days MA.

Since 16/Oct, prices have been consolidating between the key support at $1.15 and key resistance at $1.18.

The resistance at $1.18 is expected to be strong.

Hyflux has reported a 74% jump in net profit after the market has been closed. Monitor tomorrow for any entry opportunity. The breakout of $1.18 resistance with high vol will signal reversal.

Important News

Wilmar International Ltd.’s (F34.SG) 3Q net profit rose 2.5% to $416 million compared with $405.8 million in the same period last year due to improved showings in its sugar, palm ...