HIAPTEK (5072): Bullish

Pattern: Triangle Plus Cup & Handle Breaking Out (Attempting to break the neckline)

Have a look at Hiaptek's weekly chart below:

HIAPTEK recently broke out from the 2.5 year's downtrend line. The overhead resistance is boxed in red, which is around 0.60.

As shown in HIAPTEK's daily chart above, there is an ascending triangle together with a cup and handle formed since July 2016. It is currently attempting to break the neckline, which is 0.35.

Should it successfully break the neckline, the immediate target price (TP) will be 0.43, followed by 0.50 and 0.60 based on the pattern projection. It is worth to note the TP also coincides with the resistance (0.43 and 0.60).

Watch out for HIAPTEK's quarterly earning announcement, which is expected to be out by this month.

I am bullish on HIAPTEK as long as it is above 0.30.

Side note: Markets are generally in a correction/consolidation mode. Trade safe.

Leave me a comment below and let me know what you think. If you have any queries or want to share the next big stock with me, feel free to contact me via my email or FB page below.

Topics That You Do Not Want To Miss

How to determine the "bullishness" of the patterns- https://www.facebook.com/BursaSGXcandlestick/videos/378260995905662/

The Trade Management Technique You Need To Know - http://klse.i3investor.com/blogs/candlestick/114496.jsp

Best Way To Learn To Trade Without A Mentor - http://klse.i3investor.com/blogs/candlestick/113821.jsp

Entry Setup Illustration - http://klse.i3investor.com/blogs/candlestick/113605.jsp

Stop Loss & Safe Trading - http://klse.i3investor.com/blogs/candlestick/113510.jsp

Position Sizing - http://klse.i3investor.com/blogs/candlestick/113061.jsp

Come Up With Trading Ideas & Turn Them Into Investing Ideas - http://klse.i3investor.com/blogs/candlestick/114110.jsp

Cheers,

Ming Jong

Get Update From ==> http://www.vipplatform.com/lp/ideas/

& FB page ==> https://www.facebook.com/BursaSGXcandlestick/

Telegram Channel ==> https://t.me/BursaSGXCandlestick

Contact Via Email ==>