Harbour-Link Group’s buying momentum is back after it closed above the RM1.38 resistance (February’s high) with a white marubozu candlestick yesterday. In view of the uncovered upside gap formed on 2 Jun and coupled with its rising EMAs, the bullish momentum is likely to pick up further. A bullish bias may emerge above the RM1.38 level, with a stop-loss set at RM1.27, below the upside gap support. Towards the upside, the near-term resistance level is seen at RM1.50, followed by RM1.55.

Entry : RM1.38–1.43

Target : RM1.50, RM1.55

Exit : RM1.27

Source: AmInvest Research - 9 Jun 2022