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Heitech Padu


 

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HEITECH Padu Bhd appears to be retracing its losses as reached the end of a correction phase that took place over the last three weeks.

The stock had surged nearly 120%  to a  high of RM1.16 between Jan 15 and 22 before a  correction ensured, which saw the share price withdraw to 76 sen this past Thursday. The stock subsequently rebounded, gaining further momentum on Monday. 

While the price chart had indicated a bearish outlook since October 2017, the recent improvement in share price has a dramatic return of investor sentiment.

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