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Wednesday, August 09, 2006

Technical review

Hyflux

Results posted for this quarter is way off first quarter.
Fundamentally, this counter looks bad.

Technically, the next move is critical on how investors react
tomorrow. A break down below last month's low will send Hyflux
tumbling the next round. A break up from the triangle will
instead give Hyflux a nice rally from a turnaround perspective.
This all depends on whether this results is within expectations
and how analyst and other news can convince a turnaround.

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