Haw Par - Breakup after consolidation ....

Haw Par Corp, this stock has been consolidating since June's market correction. today it started to move higher a little bit. Is it time to resume the Uptrend? Overall price is above 10ma, 40ma and 200ma. Uptrend stock.    ...Last Done: $7.340...

Our pivot point is at 6.08.

Our preference: the downside prevails as long as 6.08 is resistance.

Alternative scenario: above 6.08, look for 6.18 and 6.23.

Comment: the RSI is below 30. It could either mean that the stock is in alasting downtrend or just oversold and therefore bound to retrace (look for bullish divergence in this case). The MACD is negative and below its signalline. The configuration is negative.

Moreover, the share stands below its 20and 50 day MA (standing respectively at 6.09 and 6.13).

Finally, Haw Par Corpis trading below its lower daily Bollinger band (standing at 5.99).

Haw ParCorp is currently trading near its 52 week low at 5.7 reached on 01/07/10.

Supports and resistances: 6.18 *6.08 **6.04 5.98 last 5.86 5.8 **5.75 *

Our pivot point is at 6.3.

Our preference: target 5.9.

Alternative scenario: the upside breakout of 6.3 would call for 6.46 and 6.56.

Comment: the RSI is below 50. The MACD is below its signal line and positive. The MACD must penetrate its zero line to expect further downside. Moreover, the stock is trading under its 20 day MA (6.21) but above its 50 day MA(6.17). Haw Par Corp is currently trading near its 52 week high reached at 6.35 on 20/04/10.

Supports and resistances: 6.46 *6.3 **6.24 6.18 last 5.99 5.9 **5.8 *

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Now is a good time to Buy any stocks.

Haw Par is a ok company, nothing to shout about.

A Slow and steady stock.

If you wan to own long-term with steady growth, you can Buy Haw Par.

Good for Investing, Not for Trading.