Hyflux is facing an important support turn resistance level to break at about $2.90. This level was the previous supports on 4 occasions. Failing to break this resistance will continue Hyflux down trend as a pattern of lower high, lower low is formed.
COSCO has tested the uptrend support recently (about $1.30) and currently testing the 20D MA resistance. Failing to break the 20D MA resistance may end the up trend. Keep a close eye on this 20D MA resistance!
Rotary is currently trading within a rectangle. Rectangle’s resistance is $1.18 and rectangle’s support is $0.874.
In the near term, Rotary is going to test 20D MA resistance to see whether this rectangle pattern is still valid. Failing to break this 20D MA resistance and breaking the rectangle’s support will trigger a bearish down (a formation of lower low, lower high pattern) trend for Rotary.
