Thursday, May 28, 2009
Hupsteel
 Hupsteel has just broken out upside from consolidation. If Hupsteel can break 20 cents resistance (23.6% fibonacci retracement), it should have chance to move further upside to test on its 23 - 23.5 cts resistance (50% fibonacci retracement). Support will be its 200-day simple moving average (Purple line). Not an inducement to trade. Corporate profile : HupSteel, a public listed company in the Singapore Stock Exchange, has more than 60 years of solid track record as a reliable supplier and stockist of quality industrial hardware for the oil and gas, chemical and petrochemical, energy, infrastructure, marine and other industries. HupSteel has played its part within this vibrant and expanding landscape of global development, as the preferred global total solution provider of steel products and services to our customers both locally and abroad. |
posted by stockpicking at 11:35 PM
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