Hartalega Holdings Bhd
- Share price closed 4.04% higher at RM2.06 on Wednesday.
- HARTA entered into a consolidation phase after reaching its 52-week peak of RM2.71 in May-23. Before settling at current level, it broke above its resistance level of RM2.03 with high buying volume as observed over the past 4 days. Coupled with bullish MACD crossover, the share price is expected to propel higher.
- Resistance level are identified at RM2.22 (R1) and RM2.27 (R2).
- On the flipside, support levels are pegged at RM1.95 (S1) and RM1.92 (S2).
Source: Rakuten Research - 7 Sept 2023
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