Sector: Industrial Products/ Chemical

Analysed on 17/10/21

We covered HEXTAR last week and identified its potential for a breakout after the bullish run shown by some of its peers recently. HEXTAR performed well this week. The share price successfully broke the resistance at RM1.370 and subsequently recorded its historical high of RM1.470. HEXTAR is currently trading at RM1.420, with immediate support at RM1.370 and immediate resistance at RM1.470. Both EMA25 and EMA50 are trending upwards which indicate that HEXTAR is on an uptrend rally. Investor who is interested can take support level as reference for entry point.

Reason to Monitor: Technical Breakout

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