Sector: Logistic and Transportation

Analysed on 22/08/21

HARBOUR had a good run this week despite the weak market sentiment recently. HARBOUR had rebounded after going through a series of correction from its recent high above RM1.100. HARBOUR is currently trading at RM1.000, with immediate support at RM0.965 and immediate resistance at RM1.010. Should HARBOUR breaks the resistance, it will challenge the next resistance at RM1.070.

Note that golden cross has not occurred for HARBOUR, however EMA25 has already sloped upwards, indicating a potential uptrend. We believe that HARBOUR’s recent bull run could be driven by market expecting a good QR by the end of this month.

Reason to Monitor: Potential Reversal to Uptrend.

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