After hit the historical high at RM0.755, HPMT has gone through price contraction with reduce in volume since mid of October 2021. Recently, HPMT attempted to break its resistance at RM 0.720 but failed to stay above its resistance. HPMT is traded at RM 0.695 on last Friday with immediate resistance and support at RM0.720 and RM0.675 respectively. Both EMA 25 and 50 are trending upward which provides an indication that HPMT is still on uptrend. Investors shall exercise caution if the immediate support is broken. Considering current price level, it is 3.6% gain and 2.9% loss to hit resistance at RM0.720 and support at RM0.675 respectively.

Reason to monitor: Potential resistance breakout

Follow our FB and telegram channel for more investing and trading analysis. Share it out to your friends and families!

TELEGRAM ：https://t.me/nottinvest

FB PAGE ：https://www.facebook.com/NottInvest

 Disclaimer: 

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. 

We shall not be liable for any errors or inaccuracies, regardless of cause.