Hour Glass Ltd/The (SGX: AGS) technical indicate a strong bullish
breakout after much consolidated range movement since late June
- The formation of the larger pennant is a clear indication of a
potential bullish continuation pattern.
- Prices remain supported at the support zone with the 2nd rebound
happens at a higher price level at $1.39.
- Furthermore, the strong bullish candle breaks above the middle
20-MA band is a confirmation of a bullish upside.
- Stochastic oscillator is showing a bullish oversold crossover also.