Unusual – Challenging its key resistance $0.270 – 0.280 with volume expansion (4 Nov 2019)

November 5, 2019 el15

Last Friday, Unusual Limited (“Unusual”) caught my attention. It is testing its key resistance $0.270 – 0.280, accompanied by an increase in volume for the past three days with above average volume in two out of the past three days. It closed at $0.275 on 4 Nov 2019. Day range 0.270 – 0.280. Furthermore, as its 2QFY20F results are just around the corner, it may be an opportune time to take a look at this stock. Interesting points A) Chart looks positive with strengthening indicators and volume Based on Chart 1 below, Unusual has been challenging its key resistance […]

Hi-P – bearish engulfing candle forms after rising for 12 out of 15 days (29 Oct 2019)

October 29, 2019 el15

This week, Hi-P has caught my attention with its 33% surge from the intra-day low of $1.13 on 7 Oct 2019 to trade to an intra-day high of $1.50 on 29 Oct 2019. In addition, it has risen 12 out the past 15 trading days with RSI touching a recent high of 81.8 on 25 Oct 2019. Based on Hi-P’s chart, it seems to present a favourable risk to reward short trade. Please see the basis and more importantly, the risks. Basis a) Hi-P trades above the higher analyst target price $1.32 Average analyst target price for Hi-P is […]