HWATAI BULLISHHWATAI need to break 0.715 to continue bullish.
next resistance 0.820 if break and able sustain above 0.715
3 daily green candle follow by another green candle closing to confirm.
HWATAI
Queue Hwa Tai around 0.63 - 0.64My buy limit shall be at around 0.63-0.64 area before go LONG position towards 0.945 & 1.235 in extension.
TAYOR
HWATAI - testing strong resistanceIn daily chart, price moved in uptrend channel, and formed ascending triangle pattern. It has been testing resistance 0.38 for quite a while now. Safer entry is to let price breakout 0.390 and ride all the way to 0.450 with support at 0.340. MACD gives a buy signal, with RSI shows a momentum growing.
EP 0.400
TP 0.415, 0.460
SL 0.340
Being a F&B sector laggard stock, it is very light weight stock (34% of 74M shares) compares to its sector competitor KHEESAN (69% of 114M shares). This could add some speed element during sectoral play.
TAYOR
