RHB Investment Research Reports

Trading Stocks - Harn Len Corporation

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Publish date: Tue, 28 Jun 2022, 09:44 AM
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Harn Len Corporation is attempting to climb higher after bouncing off the 21-day average line yesterday, heading towards the MYR1.28 immediate resistance. If a breakout happens above that level, the bullish bias may propel the stock towards MYR1.36 – 13 Sep 2021’s high – followed by the MYR1.45 resistance, or the high of 6 Sep 2021. However, the stock may reverse direction if it falls below the MYR1.18 support – forming a “lower low” bearish pattern below the average line.

Source: RHB Securities Research - 28 Jun 2022

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