HARTA's underlying trend remained up, apparently supported by both the 50-day and 100-day SMAs. However, the share price broke below the 20-day SMA yesterday. Judging from historical trend, we reckon the share price may consolidate towards the -2SD regression line support level of RM8.29. Both RSI and Stochastic are trending downwards, suggesting further consolidation. Thus, we advocate traders to keep an eye on HARTA, look for reversal signal (which is a strong volume breakout away from its 20-day SMA level) before entering the stock.

Source: Kenanga