Hartalega Holdings has been consolidating range-bound during recent sessions. Note that the momentum indicator RSI has moved higher above 50%, and there is a possibilibity it will break the immediate resistance of RM5.34, with target prices of RM5.71 followed by RM6.07. On the downside, support price is anticipated at RM4.98 whereby traders may exit on a breach to avoid the risk of a further correction.

Trading Call: Buy upon breakout above RM5.34

Target: RM5.71, RM6.07 (time frame: 3-6 weeks)

Exit: RM4.98

Source: AmInvest Research - 17 Jun 2019