Super-Cycle Technical Analysis of Hengyuan (KLSE: 4324): 4 December 2020, Friday

 

Super-Cycle Technical Analysis of Hengyuan (KLSE: 4324): 
4 December 2020, Friday

(Click on Technical Chart above to Expand)

Attached is the SuperCycle Technicals for Hengyuan Refining Company (KLSE: 4324). I had originally expected it to move from $19.00 to $38.00 with ease, however, I was wrong when its movement was derailed by Donald Trump's trade war and picking of fights all over the world. The base for Super-Cycle projection has so far been maintained at my follow-up anticipation of $6.00 base. This is the base that turns Super-Cycle Resistance into Super-Cycle Support. The Super-Cycle Logarithmic move from here is +900% to +1000% from the base. With the base confirmed successfully in December 2020, Hengyuan Super-Cycle Target is still confirmed at $38.00 and $54.00 respectively. The Super-Cycle Pivot is $19.00. The 1st Super-Cycle Checkpoint Target remains at 2xPivot=$38.00. 

The Donovan Norfolk Technical Rating:
Bullish

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