HLT Global Bhd (HLT, 0188)

• Share price closed 3.33% higher at RM0.465 last Friday.

• HLT has found its lowest point at RM0.405 and formed a morning doji star from 24th to 26th Jan. We expect MACD bullish crossover to happen soon if prevailing upside movement continues.

• Backed by upticks in its indicators, HLT is poised to move higher.

• Resistance levels are identified at RM0.520 (R1) and RM0.635 (R2).

• On the flipside, support levels are pegged at RM0.435 (S1) and RM0.415 (S2).

Source: Rakuten Research - 7 Feb 2022