Bullish trend to continueCHUNGHWA PRECISION TEST TECH CO LTD TPEX:6510 has broken out of the larger symmetrical triangle which spans from 1 Aug 25 and latest break above the pennant coupling with a break above 922 resistance has confirmed the bullish trend continuation. We believe further upside is likely to continue as long-term MACD’s histogram has turned positive and its signal/MACD line remained elevated above the zero line. Stochastic has confirmed the oversold crossover. Volume is also in a healthy position. Ichimoku shows a clear bullish signal. Short-term target is at 1,130 while long-term target is at 1,350. Support to accumulate on pullback is at 773.
