HLT ideas
HLT has reached its all time high at RM1.01 with fast pace due to the strong demand and sentiment for gloves all over the world due to Covid-19. There is a strong support at the fibonacci level of 0.382 where it was tested at RM0.66 twice and each time the price rebounded higher. The current price is at RM0.765 and no strong signal yet where it would go? Will it start an uptrend or downtrend to test the fibonacci level of 0.5 for a second time? What I notice is that the movement of HLT follows closely the momentum of Careplus. With careplus announcing private placement its price may pullback for a short while before moving upwards again. Will HLT follow suit?