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Hohup

HOHUP - what’s next breakout cup and handle pattern?After breakout from cup and handle pattern, it will be testing immediate resistance 0.525. It will probably gap up in next few candle and consolidate in a flag towards neckline 0.480. Good entry is to wait for pullback around neckline area (confirmed by reversal candle). MACD+RSI+MCDX still showing good momentum for continued breakout tomorrow, but we will let market to decide that. Resistance 0.525, 0.555, 0.600 Support 0.480, 0.455 Speed: Fast with 156M shares float (38% of 412M shares) Sentimen: Economic recovery, window dressing TAYOR
MYX:HOHUPLong
by sothye
Quick trade for Range Trading (Ho Hup; 5169.kl)Stock code: 5169 Stock name: Ho Hup Construction Company Screener: 18LC for 29 Mar 2019 Observation date: 31 Mar 2019 Observation: a) Price & Volume: - Price: Mixed w/ wide spread mostly on upbar. - Volume: High vol on upbar. b) Market Stage: - Price is still in Accumulation stage (S1). c) Trend Line: - Price is moving within a Trading Range since Mar'18. - Before this, it tried to break Resistance Line (end Jul'18) but failed. This is due to alot of sellers (Supply) in the market as we can see from the ultra high vol. - It then went down to the Support Line to 'washout' weak hand holders before moving back up into the Trading Range. Remarks: - We can see that there is still supply with the recent ultra high vol on 29 Mar'19. - Price may make another attempt to wash and test supply before breaking the Resistance Line. - In the meantime, traders can make quick profit can be made through short term trading (provided setup is good).
MYX:HOHUP
by mdalifalwi