Hexza Still Uptrend?
Tuesday, September 4, 2007
Hexza Weekly Chart
From the price chart showing that Hexza rebounced at the trendline and at 61.8% Fibo line. Currently it take breath at 50% Fibo line. The last black candle indicate that investor still doubtful due to US market crisis and be careful of the market action. On the technical indicator RSI showing that overall price decline/reflect to downtrend line (I forgot to to make RSI trendline). RSI bounce on the previous support and still stick down. My impression is it will follow the market which I can assume that the downtrend line only will break if overall market showing good picture (KLCI>1300).
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