The supercycle resistance band has since been turned into a supercycle support band in green.
Hengyuan is currently backtesting the secular cycle support band. This will be the final re-accumulation at the current newly established support zone in green. After this is completed, the stock will go for $38.00 as first target and $57.00 as second target. The targets are obtained based on the pivot of $19.00 as previously derived in earlier analyses. Hengyuan remains bullish biased.