Hapseng may commence on its next upleg

Hapseng is starting on its next upleg. The stock broke above its intermediate downtrend line in October. Thereafter, it consolidated in a saucer formation for the past 2 months. Today, it broke above the saucer formation at RM1.62. With this breakout, Hapseng is now a good trading BUY as well as being a good medium-term investment.


Chart: Hapseng's daily chart as at Jan 11, 2012_9.55am (Source: quickcharts)