They chose financial independence over home ownership.

This is somewhat extreme but watch how this Canadian couple chose financial independence over home ownership.  They are in their 30s and,...

Past blog posts now load week by week. The old style created a problem for some as the system would load 50 blog posts each time. Hope the new style is better. Search archives in box below.


"E-book" by AK

Second "e-book".

Another free "e-book".

Pageviews since Dec'09


Recent Comments

ASSI's Guest bloggers

Hyflux: Retest of recent high.

Friday, January 13, 2012

Resistance at $1.28 gave way today as price retested the recent high of $1.35. Volume was relatively high. This translates into a higher probability of price pushing higher in the next session. Remember that volume is the fuel that drives rallies.

MACD continues to rise in positive territory. Buying momentum is still positive and strengthening. The MFI continues to rise after bouncing off 50% a few sessions ago. This suggests that demand is still strong.

There is a chance of the counter's price testing $1.39 in the near future. However, I would be happy to divest partially at $1.365 where price could close the gap formed in early November 2011.

Related post:
Hyflux: Early stage of trend reversal?


Monthly Popular Posts

Bloggy Award