Hong Leong Bank Analysis 1/3/2024Long, recommended stop loss 15.90, and the price expect to surge until 23.26.
HLBANK trade ideas
HLBANK - Strength RemainsHLBANK
Theme: Finance
Rst: 19.36
Spp: 18.60
Forging higher high wave, with BB continues to widening northward, plus indicators remain healthy, achieving BO above 19.36 is possible.
HLBANK - Will Challenge Double Top Peak SoonHLBANK
Theme: Finance
Rst: 19.36
Spp: 18.00
Healthy consolidation above MA50, supported by widening BB and bullish RSI, MACD, shall gradually move to challenge the critical resistance at 19.36 again in near term.
Hong Leong Bank- Bullish UptrendPenetrate resistance at 18.50 .
Candles stay above EMA20/ 40 indicating short term upwards bias.
MA 50/100/150/200 all pointing towards upward trends.
Huge money flow in to bottom fish from 17.45 with increasing price momentum.
Nice cup and handle chart pattern formed.
Next resistance
19.60
21.30
