HMPRO : Approaching key resistance from 9.20-9.50
March 9, 2011 Leave a comment
HMPRO’s week chart shows major price resistance from 9.20 to 9.50. A challenge of this resistance zone is likely, and with strong support from about 8.50 to 8.80, the chart suggests to us a move to between 10.50 or so is possible in coming weeks, and all but certain if the SET holds above the 1000 mark with continued net foreign buying. As such, if not already long, treat a VST dip as a time to buy.