Chart Source: Poemsview 24th July 2018
Hi-P has shown resilience for the last week. It has also broke above its near term horizontal resistance of $1.35.
Hi-P closed above this resistance with a nice positive volume coming in too. Remaining above this resistance might see it move up to $1.46. It is also above the 10 and 20ema which we will use as support.
Hi-P results will be released on 2nd Aug before market opens so do take note of that.
We prefer to swing this trade.
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