Tat Hong (technical)

Tat Hong: Counter has been on a run, but negative divergences has been spotted. MACD dipped briefly but is now back in positive territory. All three, MACD, RSI and Stochastics appear to form negative divergences, indicating downside risk. Volumes have picked up recently indicating trading interest, similar a previous spike in Apr. On the longer-term, stock appear to be having a positive trend. Co's latest 1Q net profit saw an increase of 204% yoy and 48.9% qoq. Reports are unanimously bullish as well. Seems that the technical trend is supported by expected growth in co.