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HAILY GROUP BERHAD
Long

Haily Group Berhad (HAILY)

32
Haily Group Berhad (HAILY)
  1. Trend: The stock is in a strong uptrend since March 2024. The price has been consistently making higher highs and higher lows.
  2. Moving Averages: The price is trading above both the short-term (likely 20-day) and long-term (likely 50-day) moving averages, indicating bullish momentum.
  3. Support and Resistance: The most recent high around 0.935 MYR serves as the immediate resistance. Support levels can be seen around 0.800 MYR and 0.720 MYR.
  4. Volume: There's been a significant increase in trading volume since June, suggesting strong interest in the stock.
  5. Price Action: The stock recently experienced a sharp pullback from its highs, which could be a healthy correction within the uptrend.
  6. Bollinger Bands: The price has been trading near the upper Bollinger Band, indicating strong momentum but also the possibility of being overbought.
  7. Relative Strength: The stock has shown considerable strength compared to its performance earlier in the year.
  8. Potential Patterns: There might be a small bull flag forming after the recent pullback, which could suggest a continuation of the uptrend if the price breaks above the flag.


Overall, the technical indicators suggest a strong bullish trend, but the stock may be approaching overbought levels. Traders might watch for a potential consolidation or further pullback before considering new entries.
Sahrin
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Technical IndicatorsTrend Analysis

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Technical IndicatorsTrend Analysis
Sahrin
➀➁➂➃➄

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.