RHB Retail Research
Trading Stocks - HPMT
HPMT may move higher after it continued to hold above the MYR0.345 support mark. Given that it has formed a long white candle above the 21-day SMA line, the bullish sentiment has been enhanced. A positive bias may emerge above the MYR0.375 level, with an exit set below the MYR0.345 threshold. Towards the upside, the immediate resistance is at the MYR0.42 mark. This is followed by the MYR0.45 threshold.
Source: RHB Securities Research - 21 Oct 2019
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