RHB Retail Research
Technical Analysis - Hartalega
Hartalega
Hartalega may trend higher after it formed another white candle and breached above the MYR6.64 threshold. Yesterday’s close has sent the stock to its new 52-week high, thereby enhancing the bullish sentiment. A bullish bias may emerge above the MYR6.64 level, with an exit set below the MYR6.00 threshold. To the upside, the immediate resistance is at MYR7.50. This is followed by the MYR8.00 level.
Source: RHB Securities Research - 16 Aug 2018
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