Hextar Industries’ buying momentum is back after it broke out of the bullish descending broadening wedge pattern with a long white candle yesterday. As the 20-day and 50-day EMAs are starting to turn upwards, a positive outlook can be expected here. A bullish bias may emerge above the RM0.30 level, with a stop-loss set at RM0.27, below the 20-day EMA. On the upside, the near-term resistance level is seen at RM0.35, followed by RM0.37.

Entry : RM0.30–0.32

Target : RM0.35, RM0.37

Exit : RM0.27

Source: AmInvest Research - 29 Mar 2022