Jun 19, 2010

Hyflux so power ah?

In 7 trading days, it rebounded, paring 3/4 of the losses. Hyflux holders must be thinking, "Ho seh liao. $4 ai lai liao lah".*sniggers*

Technical indicators shows that this counter is way overbought. The dragonfly doji being a moderate bearish a sign, adds weight to the analysis. However, this requires confirmation. Monday, technical indicators will shed light whether this uptrend is being maintained. Tuesday could be a perfect time to confirm this.

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