Nott Invest
HIAPTEK - Uptrend still VALID?
Nott_Invest
Publish date: Mon, 05 Jul 2021, 11:04 AM
Sector: Steel
Huge sell down happened for HIAPTEK despite the release of improved QR, which saw the price dropped below its previous support of RM0.510. HIAPTEK is currently trading at RM0.485, with immediate support at RM0.475 and immediate resistance at RM0.510. EMA25 and EMA50 begin to trend downwards which indicate that the previous uptrend is no longer valid.
Overall, HIAPTEK looks weak and should be traded with caution.
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