RHB Retail Research
Technical Analysis - Hartalega
Hartalega was testing the MYR6.25 level in its recent sessions. A bullish bias may be present above this point with a target price of MYR6.50, followed by MYR6.80. The stock may consolidate further if it cannot breach above the MYR6.25 threshold in the near term. Support may be found at MYR5.80, where traders can exit upon a breach to minimise the downside risk.
Source: RHB Securities Research - 30 Oct 2018
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