HARTA (Not Rated)

• HARTA gained 10.0 sen (+1.96%) to close at RM5.20.
• Chart-wise, the share has been on a gradual uptrend lately after experiencing sell down that started since mid of 2018.
• More notably, HARTA is now above all its key SMAs while other key technical indicators are looking bullish.
• From here, we expect the share to test its next resistance level of RM5.50 (R1) en route to RM5.80 (R2).
• Any retracements towards RM5.00 (S1) would be a good entry point for interested investors while a break below RM4.60 (S2) will be deemed highly negative.

TOPGLOV (Not Rated)

• TOPGLOV went up 11.0 sen (+2.23%) to end at RM5.05.
• The share appears to have rebounded from its previous downtrend.
• With all key indicators appearing to be bullish, we believe that the share is likely to stage more upward movement.
• Should there are follow-through buying activities, the stock may swing higher to RM5.20 (R1) and even RM5.50 (R2).
• Conversely, downside supports are identified at RM4.85 (S1) and RM4.30 (S2).

Source: Kenanga Research - 23 May 2019