Received a query on the name, so I thought I'd also update it here:
Hulamin HLM - it's had a strong run over the 15-17 months and the weekly momentum looks to be in tact. Moderate resistance around this 490c level which is the prior support and breakdown level. If the share clears and holds above 495c then we could see 610 to 620c over the medium to long term. With it being a less liquid name, a smaller position would apply.
You may recall most recently (04 August 2021) we presented a buy/long at 231c, citing a medium term bull flag. See original view inserted on the current (weekly) chart.
Original Idea and Recent Follow Up Attached
Hulamin HLM - it's had a strong run over the 15-17 months and the weekly momentum looks to be in tact. Moderate resistance around this 490c level which is the prior support and breakdown level. If the share clears and holds above 495c then we could see 610 to 620c over the medium to long term. With it being a less liquid name, a smaller position would apply.
You may recall most recently (04 August 2021) we presented a buy/long at 231c, citing a medium term bull flag. See original view inserted on the current (weekly) chart.
Original Idea and Recent Follow Up Attached
