HIL Inds
HIL Inds slipped back into correction mode in the wake of profit-taking activity after a futile attempt to overcome the 200-day simple moving average of 28.5 sen on Jan 12. The moving average convergence/divergence indicator remains in buy mode, while the stochastic is approaching the oversold territory, signifying that prices may rebound soon, with immediate resistance seen at 25.5 sen. Support is expected at 22 sen, followed by the 20- sen mark.
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