Harn Len Corporation is poised for a rebound as it attempted to surpass the immediate resistance of MYR0.80 recently. If a breakout above that level happens, the bulls may drive the stock towards the next resistance of MYR0.845, followed by MYR0.91 – its the all-time-high. However, if the stock drops below the MYR0.73 support and falls below the 21-day SMA line, it would invalidate this expectation.
Source: RHB Securities Research - 8 Jun 2023
Created by rhbinvest | Sep 29, 2023