Hartalega Holdings was testing the RM5.33 level during its intraday high. With an RSI level above 60%, it may move higher with a target price of RM5.53, followed by RM5.71. Meanwhile, it may drift sideways if it fails to cross RM5.33 in the near term. In this case, support is anticipated at RM5.15, whereby traders may exit on a breach to avoid the risk of a further correction.

Trading Call: Buy upon breakout above RM5.33

Target: RM5.53, RM5.71 (time frame: 3-6 weeks)

Exit: RM5.15

Source: AmInvest Research - 18 Sept 2019