HWATAI, still downhill.,The stock is currently oversold, as indicated by the RSI. However, it hasn't formed a strong base, which is a period of consolidation before a potential reversal. Therefore, it's advisable to wait for a clearer sign of a reversal before considering buying.
Buy and sell so you can sleep better at night. If you lose sleep after a trade, evaluate why you bought or sold.
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HWATAI trade ideas
A Divergence Signal!The price candlestick closed above MA20 due to significant price movement. MACD and OBV charts indicate a divergence signal. Hence, high probability of an uptrend trend. The next price target will be 0.88. Put HWATAI in your WL and watch out for significant price movement.
R 0.880
S 0.655
Is It a Reversal Signal? Fibonacci retracements chart shows a Reversal Signal support by volume above MA20. MACD and OBV charts show an early stage of divergence signal. Is It a Reversal Signal? If in today's trade, the candlestick price is close above MA20. Then it will be a probability of uptrend signal. Put in your WL and watch out for significant price movement. To place your bid, use VWAP as a guideline and place it below the VWAP line.
R 0.805
S 0.650
HWATAI Your Seatbelt? Coz We Gonna Fly!Corporate Name : HWA TAI INDUSTRIES BERHAD
Symbol & Code : HWATAI (8478)
Board : MAIN
Shariah : Compliant
Sector : Consumer Products & Services
Sub-Sector : Food & Beverages
• Weekly: Dominant green candles. The chart will retrace first
• Daily: Price will move downward to make a higher low. Most likely will rebound on 50MA
• EP: 0.38-0.4
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