Harn Len Corporation is eyeing for a positive rebound above the MYR1.38 resistance as it attempted to move above that level on strong trading volume last Friday. If it closes above that level, the stock may climb further towards the next resistance of MYR1.44 – which was the high of 6 Jul – before heading towards the MYR1.50 recent high. If it falls below the support level of MYR1.30, the stock may trend downwards, below the 21-day average line.

Source: RHB Securities Research - 18 Jul 2022