Kenanga Research & Investment
Highlights / Stock Picks of the Day - Hartalega Holdings Berhad ("HARTA”) – Not Rated
HARTA broke above the Andrews’ Pitchfork upper band yesterday after gaining 17 sen at RM6.56. This confirms a resumption of bullish trend after a brief consolidation phase between RM6.25-RM6.50. At present, the key indicators (e.g. Stochastic & MACD) remain positive and had been supported by active momentum buying. Thus, we believe HARTA still have further upside. Traders
may target RM7.60 while the downside should be supported at RM5.82.
Source: Kenanga
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