HARBOUR
Sector: Logistic and Transportation
Analyzed on 12/12/2021
Follow up from our previous analysis, HARBOUR has jumped right after it announced its Q4’2021 QR in end of September with a 600+% increase in its y-o-y net profit. After reaching a peak above RM1.60, it has been falling consistently leading to a EMA25/50 dead cross recently. HARBOUR is now trading at RM1.13, a critical support level. Trading volume has also been diminishing as compared to end of September. HARBOUR needs to climb above its EMA25/50 to reverse into an uptrend. Should the RM1.13 support broken, we can expect HARBOUR to be back to RM1.00 level.
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