Sector: Industrial Products/ Chemical

Analysed on 09/10/21

HEXTAR is currently trading at RM1.350, with immediate support at RM1.280 and immediate resistance at RM1.370. Note that HEXTAR has rebound from the region between the EMA25 and EMA50 at a few occasions previously, which lead to the formation of higher lows pattern. Both EMA25 and EMA50 are still trending upwards which indicate that HEXTAR is on an uptrend rally. As some of the chemical related companies are on a bullish run recently, we believe that HEXTAR could be challenging the resistance at RM1.370 in the near future.

Reason to Monitor: Potential Technical Breakout

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NOTT INVEST 

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