Harn Len Corporation is set to resume its uptrend movement as it jumped above the MYR0.985 support and printed a new YTD high yesterday on significantly higher trading volume – forming a long white bullish candlestick. The uptrend is expected to persist towards hitting the MYR1.10 mark, followed by the MYR1.25 next resistance. Conversely, the stock may reverse direction if it falls below the MYR0.925 support, as it forms a “lower low” bearish structure below the 21-day average line.

Source: RHB Securities Research - 26 Apr 2022