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Yesterday, HTPADU broke above the line connecting its recent peaks at RM1.20. The bullish breakout was not accompanied by a huge volume. If the buying support can sustain, the breakout may lead to a new upleg for the stock. Its immediate resistance is its July 2019 high of RM1.45.

The bullish breakout for HTPADU could be due to new development in the award of the immigration job by the government. for more, go here.

 

Chart: HTPADU's daily chart as at Oct 7, 2020 (Source: Malaysiastock.Biz)

Based on the technical breakout, HTPADU could be a good trading BUY.

 

http://nexttrade.blogspot.com/2020/10/htpadu-bullish-breakout.html

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