HARTA was unchanged yesterday at RM8.22. It has been on an uptrend last week and came out unscathed from yesterday's overall market selldown, implying some resilience. Chart-wise, the Doji is signaling investors' indecision, for now. Going forward, we expect any surge in trading volume to determine share price direction. All 3-SMAs have been on the uptrend lately while RSI is moving sideways in the neutral zone. MACD has issued a positive crossover, suggesting bullish momentum but stochastic, on the other hand, has turned Overbought. Nonetheless, should there be renewed buying interests, we reckon that share price could push towards RM8.35 (R1) in the near-term, while an immediate support level is seen at RM8.09 (S1).

Source: Kenanga Research - 22 May 2015