Rakuten Trade Research Reports
Technical View - Harn Len Corporation Bhd
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Publish date: Thu, 21 Oct 2021, 11:29 AM
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Harn Len Corporation Bhd (HARNLEN, 7501)
• Share price closed 18.5% higher at RM0.960 on Wednesday.
• HARNLEN has broken out from its consolidation phase with higher volume yesterday and formed a Green Marubozu candle. The share price has also broken out from the neckline of its double bottom formation.
• Backed by upticks in its indicators, the share price is poised to move higher.
• Resistance levels are identified at RM1.05 (R1) and RM1.25 (R2).
• On the flipside, support levels are pegged at RM0.870 (S1) and RM0.780 (S2).
Source: Rakuten Research - 21 Oct 2021
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