Haw Par Corp Ltd. (HPAR SP)

• Current Performance:
  • Shares closed at a 52-week high, indicating strong momentum in the stock price.
  • Volume has also increased, which suggests greater market interest and support for the upward move.
• Technical Indicators:
  • The MACD (Moving Average Convergence Divergence) is positive, indicating that momentum is on the bullish side, and the short-term price trend is above the long-term trend.
  • The RSI (Relative Strength Index) is at an overbought level. An RSI above 70 usually signals that the stock is overbought, which could mean a potential pullback or consolidation is possible. However, the momentum remains strong for now.
• Trading Strategy:
  • Long Entry at 10.90, with a Target of 11.30, indicating potential upside movement of 3.67% from the entry point.
  • Stop-loss at 10.70, which limits the downside risk to approximately 1.83% from the entry point.

This setup suggests that traders expect further upside in the short term, but are cautious about potential volatility given the overbought RSI levels.

Thank you