RHB Retail Research
Trading Stocks - Hartalega
Hartalega may rebound further after it tested the MYR5.96 support in recent sessions. In view that the 21-day SMA line is likely to begin turning upwards, this implies a positive outlook sentiment. A positive bias may emerge above the MYR6.15 level, with an exit set below the MYR5.96 threshold. Towards the upside, the immediate resistance is at the MYR6.42 mark, followed by the MYR6.70 level.
Source: RHB Securities Research - 5 Mar 2020
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