Tuesday, January 17, 2012

Hyflux: Divestment as gap closed at $1.365.

My sell order at $1.365 was filled today. This is the gap filling I talked about before. Could price move higher in the next session? It could, of course.



However, the upper wick in today's white candle as price touched a high of $1.37 before closing at $1.35 suggests that selling pressure is very much present. Moving higher on lower volume compared to two sessions ago is also a sign of