Harbour-Link Group is set to climb towards the YTD high, as it breached the MYR1.19 immediate resistance yesterday, on the back of stronger trading volume. If the breakout sustains, the momentum may propel the stock towards the MYR1.26 YTD high, or 6 Mar’s high, followed by MYR1.38 next resistance, ie 9 Jun 2022’s high. However, if the stock drops below the MYR1.13 support, the momentum may reverse and form a "lower low" bearish pattern, below the 21-day moving average line.
Source: RHB Securities Research - 19 Apr 2023
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Created by rhbinvest | Apr 25, 2024