Harbour-Link Group jumped and tested the RM0.905 resistance level. With its RSI indicator in an uptrend coupled with higher trading volume, we see a possibility fo a technical breakout. If this happens, we expect it to move towards the short-term target prices of RM0.94 and RM0.97. The downside support is projected at RM0.84. Traders are advised to exit on a breach to avoid furthe losses.

Trading Call: Buy on breakout RM0.905

Target: RM0.94, RM0.97 (time frame: 2-4 weeks)

Exit: RM0.84

Source: AmInvest Research - 26 Apr 2021