After facing a correction from the 5 January 2011 high of HKD 5.35, Dongyue Group appears to have resumed its prior uptrend as it has managed to trade back above the 20 and 50-day moving averages. In addition, the Stochastic oscillator has flashed a bullish crossover signal which suggests that upside momentum has started to build up. On the upside, be on the lookout for a retest of its all-time high level of HKD 5.35 and above it may see a further surge towards the Fibonacci price projection target of HKD 5.90 next. On the other hand, failure to hold above the immediate support at HKD 4.70 may damage the bullish trend to see a sell-off to test the next support at HKD 4.24.