stock price rebounded from recent pullback and attempting to challenge around previous high around RM2.33 and may even challenge toward prospective price level around RM2.67.

All short to long term moving average lines are aligned in uptrend order;

The MACD line just crossed up signal line above zero level indicating initial rebound to uptrend. Shall monitor for MACD line stays above signal line, and both lines are above zero level, otherwise stop out when MACD crosses down below signal line;

The DMI is at a juncture to support the stock price to rebound uptrend;

The RSI is hovering at around 65 pointing toward 70. Has to monitor for it to stay above 70 level with stronger momentum to push up further, but also has to ensure it will not drop below 50 level to stay uptrend intact;

Let’s monitor for the price to stay above RM1.98 with increasing volume for further uptrend. However, if short term pullback were to take place, observe for possible supportive price range around RM1.93-1.86. And should uptrend intact staying beyond RM1.98, the next prospective Fibonacci targets could be around: RM2.03, 2.05, 2.15, 2.26, and 2.35. And if the momentum is strong enough to stay beyond RM2.35, the next further upside targets could be observed around RM2.45, 2.55-2.57, and may even challenge toward up to RM2.67.

However, if the price were to pullback against anticipated uptrend, a safety of stop loss precaution is necessary below RM1.90 temporary and observe for worst case down to support at around RM1.83 for potential rebound. Observe for rebound and consider to re-position by then. Or practice stop loss below EMA20 or EMA30 could be a good general guide.

Other CHINHIN Group stocks: CHINHIN, CHGP/WA, SKBSHUT;