RHB Retail Research
Trading Stocks - Hartalega
Hartalega’s buying momentum may have returned after it rose above the 21-day SMA line. Yesterday’s white candle engulfed the prior one to form a “Bullish Engulfing” pattern, implying a potential rebound. A bullish bias may emerge above the MYR4.90 level, with an exit set below the MYR4.73 threshold. Towards the upside, the immediate resistance is at MYR5.26. This is followed by the MYR5.50 level.
Source: RHB Securities Research - 15 May 2019
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