Hartalega Holdings has been range-bound during recent sessions. A higher trading volume was recorded in the latest session. With the rising of momentum indicator RSI, there is a possibility it will break above the resistance of RM4.79, and move towards a target price of RM5.12 and RM5.41. Meanwhile, the immediate support is anticipated at RM4.50, whereby traders may exit on a breach to avoid the risk of a further correction

Trading Call: Buy upon breakout above RM4.79

Target: RM5.12, RM5.41 (time frame: 3-6 weeks)

Exit: RM4.50

Source: AmInvest Research - 19 Apr 2019