Hartalega may trend higher after it formed a long white candle and breached above the MYR5.20 mark. This candle has sent the stock to its highest point in more than six months, thereby enhancing the positive sentiment. A positive bias may emerge above the MYR5.20 level, with an exit set below the MYR4.96 threshold. Towards the upside, the immediate resistance is at the MYR5.50 level. This is followed by the MYR5.75 point.
Source: RHB Securities Research - 11 Sept 2019
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Created by rhboskres | Aug 26, 2024