Hartalega Holdings inched above the RM6.30 mark during its latest session. With a moderate RSI level, a bullish bias may be present above this point with a target price of RM6.66, followed by RM7.25. Meanwhile, it may continue trending sideways if it falls back below the RM6.30 mark in the near term. In this case, support is anticipated at RM6.00 whereby traders may exit on a breach to avoid the risk of a further correction.

Trading Call: Buy on further rebound above RM6.30

Target: RM6.66, RM7.25 (time frame: 3-6 weeks)

Exit: RM6.00

Source: AmInvest Research - 16 Oct 2018