• Target Price: RM0.135, RM0.150

• Last closing price: RM0.120

• Potential return: 12.5%, 25.0%

• Support: RM0.115

• Stop Loss: RM0.105

Possible for sideways breakout. Remaining unfazed by recent market weaknesses, HHRG appears poised for a breakout from its sideways channel, with expectations of continued improvement in momentum and trend in the near term. Should immediate resistance level of RM0.135 be broken with renewed buying interest, it may continue to lift price higher to subsequent resistance level of RM0.150. However, failure to hold on to support level of RM0.115 may indicate weakness in the share price and hence, a cut-loss signal.

Source: PublicInvest Research - 14 Jan 2025