Harbour-Link Group pulled back and touched the RM1.02 support level. With its 21-day moving average trading upwards, coupled with sustainable trading volume, there is a good chance that it would experience a technical rebound and head towards the short-term target price of RM1.06, followed by RM1.08. The downside support is marked at RM0.97. Traders are advised to exit on a breach to avoid further losses.

Trading Call: Buy on pullback RM1.02

Target: RM1.06, RM1.08 (time frame: 2-4 weeks)

Exit: RM0.97

Source: AmInvest Research - 9 Jul 2021