RHB Retail Research
Trading Stocks - Hartalega
Hartalega formed a long white candle, indicating that the momentum of buying could be strong. This candle has sent the stock to its highest point in more than eight months, thereby enhancing the positive sentiment. A positive bias may emerge above the MYR5.30 level, with an exit set below the MYR5.15 threshold. Towards the upside, the immediate resistance is at MYR5.53. This is followed by the MYR5.75 level.
Source: RHB Securities Research - 4 Nov 2019
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