HIL Industries Bhd (stock code 8443) RM0.63.
above: HIL Daily Chart (click to enlarge)
We called a trading buy on HIL a month ago as the candle was breaking out of the uptrend channel at RM0.56 and the candles made a decisive breach before undergoing a brief consolidation period. Thereafter, the candles resumed its strong climb over the past few sessions to settle at RM0.63 yesterday.
Its core indicators are on the climb again and above their respective upper limit lines, while the MACD has crossed the trigger line on the upside. Collectively, the above positives are leaving the bullish outlook intact for now, but those wishing to take profit can do so as its price has gained. Correspondingly, those wishing to hold can still do so as its technical indicators are still looking positive with resistance at RM0.665.
by Mercury Securities
The principal activities of the Company are investment holding and the manufacture and sale of industrial and domestic moulded plastic products. The principal activities of the subsidiary companies are investment holding, property management and holding; and manufacture of and sale of industrial and domestic moulded plastic products; and sub-assembly of plastic-related products.
