Thursday, August 16, 2012

Hyflux (technical)

Hyflux: Looks bullish over the nxt few days with positive divergences spotted in Stochastics. Stochastics are also coming up from oversold region with MACD turning positive. See resistance at $1.42, close to upper Bollinger Band and support at $1.34. Of note, the golden cross is occurring (50 day SMA cross 200 SMA) which is a long-term bullish signal.

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