Stock: [HENGYUAN]: HENGYUAN REFINING CO BHD

 Apr 10, 2018 04:22 AM | Report Abuse 

An Attempt to Read the future Price of HY 

Hy is having a vigorous Rebound in a big purebear. 

The 1st sign of a beginning purebull is when 2 conditions r met: 

i.  Daily Close price, C > ema 42 
ii. Daily MACD > 0 

Even with 3 huge consecutive up days, its daily MACD = -86.7 sen. Tis in a v -ve position. 
Good pt is it's heading close to daily ema 42 = 977. 

This daily ema 42 line usually represents the crucial max price of all rebounds in purebear stocks. 

It could over shoot or reach this daily ema 42 line by + or - max 15 sen. 

Inevitably the day of selling pressure will set in soon. when that happens then the old problem of T+4 takes over n over... 

The 2 conditions above r good guide to the future potential of higher prices of all 'water fall' stocks. Next a nice long solid handle must be created, for purebull to ran on a long haul. This is the hard part n also a must have. It requires many high rollers to put their money where the mouth is!

Most likely these convergence pts for Hy could occur in late May, about the same time as the QR announcement date. 
Again only IF QR is GOOD, HY would reclaim its loss glory. 

ADA HARAPAN ? yes or YES,  no or NO