We think the buying momentum for Harbour-Link Group is back following Friday’s breach of its 2-week bullish pennant pattern. Coupled with the positive cross of its 21-day EMA above the 50-day EMA a few sessions ago, this crossover has enhanced the near-term bullish bias. A bullish bias may emerge above the RM1.30 level with a stop-loss set at RM1.20, below 14 Feb’s low. Towards the upside, we are eyeing the near-term resistance level at RM1.45, followed by RM1.52.

Entry: RM1.30–1.33

Target: RM1.45, 1.52

Exit: RM1.20
 

Source: AmInvest Research - 21 Feb 2022