THHEAVY is in the stage of recovery

It is tipped that THHEAVY has commended a negotiation with an international oil company to form a partnership to bid for risk service contracts (RSC) in marginal oilfield. (CIMB)

Smartbiz: THHEAVY is in the stage of recovery after the recent sell-off. Its tough barriers lie at 0.525 (50MV) and 0.545 (20MV). Once it overcomes these two barriers it will most probably try to break 0.585. Its immediate support is 0.50. It is unlikely that it will fall below this level unless market situation turns extremely sour.