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Tuesday, 6 March 2018

Hengyuan Update: 6 March 2018, Tuesday, 6.25pm Singapore Time

Hengyuan Update: 
6 March 2018, Tuesday, 6.25pm Singapore Time
(Click on Technical Chart Above to Expand)

Attached above is the Updated Technicals of Hengyuan. The stock had previously broken up the secular cycle (supercycle) resistance band in green during the end of 2017, marking a new super cycle move for the equity of this company. This also means that market is hinting of new fundamentals of a supercycle scale for the company to come.

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.

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