Venue : Setia City Convention Centre, Function Room 8, 1st Floor, No. 1, Jalan Setia Dagang AG U13/AG, Setia Alam, Seksyen U13, 40170 Shah Alam, Selangor Darul Ehsan >location of meeting
HIAPTEK has been trading above its upward sloping 20-Day Moving Average which is a good sign. This has brought the price to the resistance of 0.745 where we expect a good fight between the bulls and the bears. For the upside to continue, the resistance needs to be broken conclusively, preferably with high volume. The indicator analysis on RSI is not exhibiting any extreme condition. Watch out for the 30% and 70% levels which indicate any oversold and overbought condition respectively.
HIAPTEK has been trading above its upward sloping 20-Day Moving Average which is a good sign. In addition, the price just broke the resistance of 0.745 reinforcing the bullishness in the recent price movement. Ideally one would like to see an increase in traded volume to demonstrate the enthusiasm of the traders to push the price past this technical resistance level. However, there was a decrease in the traded volume in this breakout. Hence it is important to monitor the immediate price volume action to ascertain the validity of this breakout.
Hiaptek vs 3A. If you had to choose one? 3A is trending very nicely last 5 days towards its 52 week high. Money flow is also good at about 60. But there was an abnormal surge in January. My fear is that it will just trade sideways for a long time + heavily owned by Wilmar. But nice trend and volume.
Hiaptek also almost breaking 52 week high. I quite like this stock but a little hesitant for some reason.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
asriruslan
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Posted by asriruslan > 2013-12-13 16:39 | Report Abuse
Date of Meeting : 17/12/2013