RHB Retail Research
Trading Stocks - Hartalega
Hartalega formed a long white candle, indicating that the momentum of buying could be strong. This close has sent the stock to its new 52-week high, thereby enhancing the positive sentiment. A positive bias may emerge above the MYR5.70 level, with an exit set below the MYR5.57 mark. Towards the upside, the immediate resistance is at the MYR6.05 level, followed by the MYR6.33 threshold.
Source: RHB Securities Research - 22 Jan 2020
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