Hyflux (technical)

Hyflux: the rising indicators suggest that there could be some legs in the bounce. A break above the $1.28 near term resistance could see the stock quickly test $1.32 next . See good odds for the counter to test the $1.40 level (middle of the $1.20 to $1.60 medium term trading range ) in extension. However this is not a stock for traders, as the flattish 200day and 50 day MA suggest that we are unlike to see big swings for now.