HSL broke out from a major resistance of RM1.54 lately. Despite HSL’s share
price hit a high of RM1.59 in end-Mar 2010, the failure to defend the RM1.54
important technical level sparked off profit-taking pressure. But, the stock was wellsupported by the UTL throughout the months. It engineered a positive technical
breakthrough to above RM1.54 last Thursday and settled at RM1.59 with a “starlike”
candle on last Friday. This indicates a potential pullback to retest RM1.54
support this week if buying fails to accelerate.
Hock Seng Lee - Chances For More Run-ups Ahead Are High… 09/08/2010
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