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HUP SENG INDUSTRIES BHD

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HUPSENG trade ideas

Simple13 Trading IdeaTechnical Setup: The stock took 67 days to break out of the consolidation zone between RM 0.96 and RM 1.16 with high volume, indicating potential bullish momentum. After the breakout, there is a high probability of a pullback, which creates an opportunity to enter at lower levels within the buy zone. Entry Strategy: Plan to accumulate shares during the pullback between RM 1.10 and RM 1.15, a zone that offers a favorable entry based on support and risk management levels. Profit Taking: If the price rises to RM 1.30, take profit as this represents an 8.3% upside from the current price, and it is a likely resistance level. Profit-taking strategies should always consider individual preferences and risk tolerance. Risk Management: If the price drops below RM 1.05 and breaches the 20 EMA, cut losses to minimize downside risk, as this could indicate a deeper pullback than anticipated. Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Always conduct your own research or consult a professional before making any trading decisions, as market conditions can change rapidly. MYX:HUPSENG
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by Simple13_Trading
HUP SENG INDUSTRIES BHD - [HUPSENG]Bollinger Bands : Bands: The chart displays Bollinger Bands, which consist of a middle band (likely a simple moving average) and an upper and lower band. Current Price: The price is currently near the upper band, which suggests the stock might be overbought. This could indicate potential resistance and a possible pullback if the price doesn't break through this level. Price Action : Trend: The recent price action shows a recovery from a previous downtrend that started in early August. The strong upward movement with higher highs and higher lows suggests a bullish reversal. Candlesticks: Recent green candles with larger bodies indicate strong buying interest. The increase in volume during these upward moves further confirms this bullish sentiment. Volume : The volume has picked up significantly during the recent uptrend, which is a positive sign as it confirms the strength of the move. Key Support and Resistance Levels : Resistance: The immediate resistance level is around the 1.18 - 1.20 MYR zone, where the price recently peaked. Support: Immediate support is likely around the 1.05 - 1.10 MYR zone, close to the 50-day moving average. Overall Sentiment : The stock appears to be in a short-term uptrend, with potential resistance ahead. The movement above the 50-day moving average, along with increased volume, suggests continued strength, but the proximity to the upper Bollinger Band warns of potential short-term pullback or consolidation. Strategy : Bullish: If the stock can break above the resistance level at 1.18 MYR with strong volume, it could signal a continuation of the uptrend. Cautious: Traders might want to watch for a pullback towards the support area around 1.05 - 1.10 MYR for potential buying opportunities.
HLong
by Sahrin
MYX DY Stock #1 - HUPSENGDY Stock #1 - HUPSENG Fundamental Analysis Dividend is consistent for past 10 years. DPS = 6 CPY (Cents Per Year) over the past 5 years. Company has strong fundamental with good liability ratio (~30%) . Revenue and profit is growing every year. Business sector is involved in the food and beverage industry. Technical Analysis 7 years impulsive waves. 3 years correction ABCDE with (3,3,3,3,3) waves was high probably done. DY is around 6.2% in the range of 0.90-0.98 entry zone. Therefore, this stock has a good entry as dividend gain stock. Entry Entry 1 : 0.875 - 0.980 (To target DY > 6%) Average Down as long as company fundamental is not affected. Cut Loss : 0.860 Exits TP1 : DY = 2% - 3.00 TP2 : DY = 1.5% - 4.00 When DY is less than Fixed Deposit in MYX DYOR before investing your hard earn money!
HLong
by Josh_Koh