Harbour-Link Group attempted to propel higher yesterday as it hit the intraday high but retreated towards the close. If the buying interest re-emerges and surpasses yesterday’s high of MYR1.30, the bulls may drive the stock towards MYR1.38 – the highest level printed this year. This will be followed by the MYR1.45 next resistance. Meanwhile, a drop below the MYR1.20 support may cause the bullish momentum to lose steam, as it negates the recent breakout level.

Source: RHB Securities Research - 27 May 2022