Hiap Tong Corp (27.5 cents) Uptrend intact . Monday, 24 June 2013 23:13 Since bottoming last year, this counter has been on a steady uptrend. These kinds of patterns can last for months. Quarterly momentum eased in the past two months but is showing signs of turning up. Volume is expanding, particularly on white-candle days. That could imply that prices may accelerate slightly from current levels. Resistance is at 31 cents. Short-term indicators are falling, suggesting that a breakout may not materialise in the near term. Support appears at 27 cents. An eventual break above 31 cents would complete an equilateral triangle, indicating a target of 36 cents.
Posted on: Sat, 29 Jun 2013 23:56:34 +0000
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