Wednesday, January 11, 2012

Hyflux: Early stage of trend reversal?

I was going to blog about Hyflux last night but I got home rather late. Anyway, Hyflux's share price has been rather bouyant. Immediate resistance at $1.28 is a relatively weak one but it does not mean that it cannot prevent price from going higher.


People sometimes ask me how do I tell if a resistance or support is weak or strong. If it was tested many times before, it is strong. If it was