Technical Stockpick - Hextar Industries Bhd
Tue, 21-Jan-2025 07:00 am
by Amir Hamdan • Apex Research

HEXIND (0161)
Last Price (RM)
0.440
Resistance (RM)
R1 — 0.465 / R2 — 0.485
Support (RM)
S1 — 0.425

Technical Commentary: 

Price has repeatedly bounced off the SMA200 since August. With the recent mild pullback, price has recovered and formed a bullish engulfing candle to close above all the moving averages. For now, traders may monitor for a potential breakout above RM0.445 to target the next resistances located at RM0.465-RM0.485. Downside wise, support is pegged at RM0.425.

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Market Mover
Settlement Rates
Currency Buy Rates (RM) Sell Rates (RM)
USD 4.461227 4.492117
EUR 4.632123 4.637427
CNY 0.613888 0.614502
HKD 0.573047 0.577030
SGD 3.281156 3.304154