Hock Lian Seng had a very nice breaking out on 22nd Feb2017 and closed well at 56 cents .
On 24th Feb, it had made another high as witnessed by the Gap up of 58.5 cents and closed slightly higher at 59 cents. The volume is super high but the closing price at 59 cents wasn't that impressive.
Looks like we may expect to see a retracement happening any moment.
Short term wise, i think we have to monitor and see if this Gap Up can sustain or not.
If it went down to cover up this Gap at 56 cents then this might be a falsed Gap up and would likely to see further selling pressure to go down towards 52.5 cents and below.
( trade base on your own decision)
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