Hyflux released a very bad news today where they were seeking help from the court to avoid creditors from taking certain actions that could hurt its financial position. I believe Hyflux had already been halted 2 days and the stock seemed more like it's going to go bust than a turn around. The moment the stock broke below the cob bar with such speed and go below that 25 million shares volume, it's almost doom and bad news for the stock price. Hence, it's always wise to exercise cut loss when things suddenly shift and for now, we shall need to wait for more news from Hyflux on the on going progression.
https://www.theedgesingapore.com/hyflux-said-mull-seeking-court-protection-creditor-talks
Ronald K - Market Psychologist - A Stock Market Opportunist
