HARISON regained confidence from investors after it reached an amicable settlement with Customs, removing the uncertainty and impediment of an unresolved Customs’ pending claim. Chart-wise, the three-and-half year’s trend channel resistance has been taken out convincingly. Short-term trend of HARISON is bullish as it stays above all the short, mid and long term SMA levels. High trading volume also resurfaced yesterday, signalling that buying momentum is now getting stronger. With its trend probability firmly biased to the upside, we believe that buying interests would remain strong, propelling the share to retest its previous high level at RM4.09 in few months time.

 

Source: Kenanga