The overall trend is still upgoing from the perspective of technical analysis. Today's drop in share price could be just a technical correction. The share price can easily hit RM 10 if the global population are showing good response towards the vaccine with a significant drop in daily new infection cases. However, this positive response can only be evidenced in a matter of 1 to 2 months.
So I strongly advice you all to keep holding the shares tightly and wait patiently for the good news of the vaccines.

This is a classic beautiful chart that clearly shows the 'hammer sign' followed by a green candlestick with thick and long body as well as a surge in volume of transaction. It is very likely that the share price may further shoot up tomorrow.

If the vaccine is proven to successfully bring down the daily new infection cases in one to two months after its rollout, then the global market is going to be excited and more optimistic with the long awaited economy recovery and this may likely give a big final push to hengyuan's share price to historic new high of all time.

I can foresee hengyuan is probably going to be the next Topglove or Supermax. Most likely it'll continue the current bullish trend until at least one month after the rollout of vaccine.

Both banking and energy stocks will likely to be in continuous bullish trend throughout this month until the vaccine is successfully released into market and most likely will still continue the uptrend further for the next few weeks after that as the world is excited in watching the positive effect of the long awaited vaccine on this pandemic.

Now there is a clear trend that both retailers as well as big institutions are shifting their attention from healthcare-related counters to those stocks that were hit the worst during this pandemic, namely consumer, banking and energy industries.