Propnex (SGX: OYY) strong upside is set to continue after a small correction based on the recent technical and price actions:
1. The bullish flag is confirmed after prices officially closed above $1.50 and with a successive strong bullish candle.
2. The bullish candle on Thursday has closed above the $1.50 psychological resistance level and the 22-day moving average.
3. Strong bullish uptrend remains intact as prices have deviated far away from the 200 and 50-day moving average, which is a strong display of bullish strength.