Hextar has been a one-year-rally. However, the share has been working lower for a pullback from ATH at 1.35, forming a pennant pattern. A breakout above this pattern suggest that the continuation trend is intact and the price should witness buying momentum at higher level. As such, the share may head north to test the next resistance of 1.39, followed by 1.52. Meanwhile, a reversal below S1 at 1.17 would negate this expectation.
Disclaimer: No trading strategy provided here. Our content is intended to be used and must be used for technical analysis education purposes only
Disclaimer: No trading strategy provided here. Our content is intended to be used and must be used for technical analysis education purposes only
Trade closed: target reached