Harn Len Corporation Bhd (HARNLEN, 7501)

• Share price closed 1.1% higher at RM0.93 on Thursday.

• HARNLEN has been trading on an uptrend channel indicating strong rebound from its previous price weaknesses. It also closed above all its key moving averages recently.

• Coupled with its bullish signal in MACD and upticks in its indicators, its share price is poised to move higher.

• Resistance levels are identified at RM0.950 (R1) and RM0.975 (R2).

• On the flipside, support levels are pegged at RM0.930 (S1) and RM0.880 (S2).

Source: Rakuten Research - 8 Apr 2022