3 October 2018, Wednesday, 1.05pm Singapore Time
(Click on Technical Chart above to Expand)
Attached is the Technicals for Hengyuan Refining Company (KLSE: 4324). The base for Super-Cycle projection has been formed now. This is the base that turns Super-Cycle Resistance into Super-Cycle Support. The Super-Cycle Logarithmic move is +900% from the base. With the base confirmed successfully at $6 region, Hengyuan Super-Cycle Target is confirmed at $54.00. The Super-Cycle Pivot is $19.00. The Super-Cycle Checkpoint Target is hence 2xPivot=$38.00. From here, Hengyuan will rally to $38.00 as 1st TP (checkpoint), confirms support at checkpoint $38.00, and then to rally to $54.00 as Final Super-Cycle TP.
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