Haw Par Ltd  – Daily timeframe  (Update from  3 April 17)

Current Sentiment: Bullish

Support 1: 9.76                     Resistance 1: 10.14

Support 2: 9.59                     Resistance 2: 10.20

Price got rejected off the 10.14 resistance area once again after the last update, moving price into another correction since 05/04/17.

However, the uptrend remains valid as the correction was halted perfectly off the confluence of 60 day moving average, 23.8% Fibonacci retracement level and 9.76 support area. Additionally, there was an increasing volume bullish break above the 9.98 immediate range high and 20 day moving average on 25/04/17 suggests another possible attempt for the bulls to break above the 10.14 resistance.

Expect the uptrend to resume next for price to test the 10.14 resistance area followed by 10.20.