Hi-P International Ltd (SGX: H17) has been rising steadily and based on the technicals, the stock is poised to test higher levels:
*Timeline of the trade should be between 1-3 weeks from the date issued.
* Should price remain below the psychological price level of $1.20, the stock might enter into a double three corrective action, which will see prices rebound at the $0.90 region. Should that happen, we will place another buy order.
Red dotted line = 200 periods Moving average
Blue dotted line = 50 periods Moving average
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