Hyflux

Hyflux: CIMB Technicals notes the trend is down as prices are still stuck within its downtrend channel. All three moving averages are still easing and with prices sitting at its new 52-week low; expects lower prices ahead.
Sees mixed signals here on its indicators as its MACD is still showing a potential for a triple bullish divergence but its RSI does not show any bullish divergence. However, with both indicators in sell mode, expects weaker prices ahead.
Continues to look for support levels around $1.00 and $0.97 to be tested soon. As there is a potential for a triple bullish divergence on its MACD, would stay alert for a reversal pattern.
The confirmation that the trend has changed would come from a breakout above $1.22.
Following resistance is at $1.31 (50-day SMA) and $1.47.