RHB Retail Research
Trading Stocks - Hartalega
Hartalega may rise higher after it recently climbed above the MYR6.00 threshold. Last Friday’s candle can be viewed as a continuation of the bulls extending the rebound from 24 Feb’s “Hammer” pattern. A positive bias may emerge above the MYR6.12 level, with an exit set below the MYR5.90 point. Towards the upside, the immediate resistance is at the MYR6.44 level, followed by the MYR6.70 threshold.
Source: RHB Securities Research - 2 Mar 2020
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