Hyflux has limited upside as the stock has a tough 200D MA resistance (also the 78.6% Fibonacci Resistance) to break. Next support is seen at 61.8% Fibonacci Retracement level at about $1.85. Breaking below this $1.85 will kick start down trend for Hyflux.
Ezra Holding broke down from the Ascending Triangle and reached the breakout target price at about $1.60. This $1.60 is also the 38.2% Fibonacci Support. Currently there is still no clear sign of the down trend will stop for Ezra yet but RSI is in the OverSold region. Looks for potential rebound in the next few days but keep a close eye on $1.60. If this $1.60 becomes resistance, Ezra chart is very bearish and may start a down trend. Currently Ezra is trading below the 3 Moving Averages.
Golden Agri may be rebounding in the coming days after a Doji candlestick was observed after the recent down trend. A Doji candlestick indicates a stop of the trend. Last Friday GoldenAgri formed a Bullish Engulfing candlestick pattern indicates a potential trend reversal.
RSI is at oversold region and start to turn up. MACD is showing some sign of bullishness also.
However, it is very important to observe whether the 200D MA will become the resistance when the rebound takes place. Otherwise it will start a down trend for Golden Agri.
