Hyflux: Testing 78.6% Fibonacci Retracement Resistance

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Hyflux is currently testing 78.6% Fibonacci Retracement Resistance at about $3.20. Hyflux bounced off 50D MA support and break 20D MA resistance recently. If this 78.6% FR resistance is broke, the next immediate resistance is $3.25. Hyflux has to break $3.40 (the previous high) to start an uptrend (i.e. higher high, lower high uptrend pattern).

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