Hevea is trending in upward channel. Rebound from 1.32 today to close at 1.39.
Price might trends up to 1.55 to 1.60 area!
26-3-2014
After hitting WAVE 3 at 1.45, the price crumbling down to 1.01 to hit wave 4
The price has been moving up nicely forming higher low to establish a ascending triangle!
Broke up from cup and handle formation but no goreng yet.
Volume has been building up nicely.
If 1.45 (double resistance) can be taken out with convincing VOLUME, we shall see Hevea heading to wave 5 peaking at RM 1.65 / 1.70.
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