Hap Seng EOD 18/7/12

O - 1.79, H - 1.82, L - 1.78, C - 1.80

High volume seen from today's trade of Hap Seng. However, there wasn't a long white candlestick though. It seems that the prices were controlled tightly in today's trade, perhaps some exchanging of hands in between two parties, ranging from within 1.78 - 1.80 level as noticed after lunch.

Do look at the left side, where there was another high volume with white long candlestick seen from the chart. However, the price has not actually spiked even after the demand there. It could define that some parties are still holding on to the shares, controlling its price range. Prices were moving sideways as one could view from the chart above.

1.78 would make a good support. FYI, it broke above 1.84 new high 5 days back, and sustaining within the range of 1.78 and 1.84 since then. 

It has earlier announced of its dividend payment of 4.5 cts, with ex date of 23/7/12 (next Monday).

Let's watch if its gonna be in action again soon?