From the chart, we can see any break-out of the trend line will lead to a high rising for this stock. Furthermore, the stochastic is showing has triggered buying signals whenever there is a break above.As SunVic is a chemical company which supply chemicals that for textiles, coating and also productions of painting. And their main customers are from China. Therefore, high demand in China will lead to high profit for this company. As we know, China is having some measure to prevent housing bubbles and this may lead to lower demand of housing and indirectly might affect SunVic company demand products.
However, on the other hand, SunVic announced for 800%++ growth in net profits and a buy call from Philip Securities.
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