Hyflux, the water giant, have made a good run from 98cents to peak at $3.98 within a year. A 406% jump!! The recent correction brought it to a low of $2.70 within 3 months. Traders are still cautious after experiencing such high volatility. Is this the end of the fall?
MACD have started to turn upwards showing another upcoming technical rebound. Current price is below several analysts target of $3.80 and positive news is flowing in. An investment of US$90million in seawater desalination plant in Tianjin, China and a deal with RB(Labuan) Ltd to set up 50-50 Sinospring JV. A rebound is very likely and price movement is getting larger for the past week. Are you geared for this likely new rally?
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