$HEXIND (0161.MY)$ (This is for informational purposes only....

(This is for informational purposes only. For financial advice or personalized recommendations, consult a qualified professional.)

In summary, HEXIND (0161) stock is currently experiencing a period of volatility characterized by a broadening formation. While short-term speculators have likely taken profits, long-term investors appear to be maintaining their positions. The key will be observing whether the price breaks below the lower trendline of the broadening formation, which would confirm a potential downtrend, or if it finds support and resumes an upward trajectory. As the adage suggests, "when the tide goes out, you find out who is swimming naked," and the current market fluctuations will reveal the true strength of the stock and the conviction of its long-term holders.
Key points:
* Broadening Formation: The chart shows a broadening formation (bearish), not a reversed triangle (bullish).
* Speculator Activity: High volume at the peak suggests short-term profit-taking by speculators.
* Long-Term Investors: Despite the volatility, long-term investors are believed to be holding their positions.
* Volume Analysis: Decreasing volume during the price decline is a warning sign.
* Tide Analogy: The market fluctuations will reveal the true strength of the stock and the conviction of its long-term holders.