Watch this

Hap Seng plantation is one of those nice stocks that is begging to rock and roll. Prices have managed to stay above major moving average and Bollinger Band top. RSI is above 50 signal line and MACD is positive. All the above can be taken as an initial buy signal.

But I would not touch it yet as its ADX is staying below the 20 signal line which is telling us that a trend is not there yet. I mean why would anyone want to buy a stock and keep it for days/weeks or even months before it rips? Would it be more exciting if we buy a stock and it begins to roar the next day ?

So I would watch its recent high of 1.86 for a confirmation of the new bull cycle.

This stock should go far.