Tuesday, July 26, 2011
Hyflux
Hyflux: Trading central (Bloomberg) has Technical Sell Call. Note that the downside prevails as long as $2.08 is resistance. Alternative scenario is for the upside breakout of $2.08 which would call for $2.14 and $2.17. Note that the RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the share stands below its 20 and 50 day MA (standing respectively at $2.04 and $2.03). See next levels at $1.95 and $1.91.
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