Nott Invest
HEXTAR - How far can it go?
Nott_Invest
Publish date: Mon, 19 Jul 2021, 10:46 AM
Sector: Industrial Product / Chemical
When all eyes are watching the great performance of the Bursa Technology counters recently, HEXTAR has silently broken its previous resistance and reached its historical high!
HEXTAR is currently trading at RM1.280, with immediate support at RM1.120 and immediate resistance at the region of RM1.280. Both EMA25 and EMA50 has begun to trend upwards which indicate that HEXTAR is on an uptrend rally. As HEXTAR is currently trading a distance away from the support, entering now could have potential risk as high as 12%, therefore we would advise you to be patient and wait for the retracement. The support level at RM1.120 and EMA25 can be used as a reference to collect on retracement.
Reason to Monitor: Technical Breakout
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This content by NOTT INVEST, is in no way a solicitation or offer to buy or sell securities or investment advisory services.
Readers should always seek the advice of an appropriately qualified professional and perform due diligence before making any investment decisions.
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