HHH ended the day unchanged yesterday. From the technical perspective, a “Doji” candlestick pattern has taken shape in the chart signalling market's indecisiveness on the stock. Bearish signals are shown with MACD staging a negative crossover of its Signal line. Moreover, momentum indicators (Stochastic and RSI indicators) are also hooking downwards signalling selling pressure in the stock. In the nearterm, the trend appears to be bearish and it could test its immediate support level at RM0.16 (S1) and possibly RM0.15 (S2) next if selling pressure persists.

 

 

Source: Kenanga