Sector: Steel

Analysed on 04/09/21

HIAPTEK has been performing well since our previous sharing, and went on broke the resistance at RM0.580. HIAPTEK is currently trading at RM0.590, with immediate resistance at RM0.610 and immediate support at RM0.580.

Overall, HIAPTEK looks strong and has been traded with consistent volume this week. Golden cross has occurred since our last analysis which indicate the beginning of an uptrend. We are in opinion that it could be risky to enter now as the current price is a bit far from EMA25. Investor may need to wait for retracement and take EMA25 as reference for entry point.

Reason to Monitor: Potential Upward Trend.

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NOTT INVEST

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