HIAPTEK has been trading above its upward sloping 20-Day Moving Average which is a good sign. The support and resistance level of HIAPTEK are 0.73 and 0.755 respectively. 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.
An important development took place on 26 February 2014 where the price of HIAPTEK broke the resistance of 0.73. This breakout was accompanied by a higher than average traded volume which shows the enthusiasm of the traders to push the price higher and past this resistance hence giving a higher probability of a successful breakout.
HIAPTEK has tested the resistance of 0.745 but failed to clear it. It is important to monitor the price volume action near this 0.745 level to determine whether a breakout will take place.
An important development took place on 3 April 2014 where the price of HIAPTEK broke the resistance of 0.745. This breakout was accompanied by a higher than average traded volume which shows the enthusiasm of the traders to push the price higher and past this resistance hence giving a higher probability of a successful breakout.
Just morning session, volume already higher than last whole day.... what will happen afternoon? will it break and stay above 78?? For me, if today able to close above 0.760, then i am happy already... cheers!!!
This stock since beginning from side way until now, price never close above 0.755. But today it was closed at 0.765 with high volume.... so, is it a signal showing to breakout on next Monday??? :-)
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....
Shafiq04
93 posts
Posted by Shafiq04 > 2014-02-18 10:29 | Report Abuse
Yes..