RHB Retail Research
Trading Stocks - Hartalega
Hartalega may rebound further after it tested the MYR5.68 support recently. Given that the stock formed a “Bullish Engulfing” pattern on 17 Mar, this indicates a potential rebound. An upbeat bias may emerge above the MYR6.00 level, with an exit set below the MYR5.68 mark. Towards the upside, the immediate resistance is at the MYR6.48 level, followed by the MYR6.70 threshold.
Source: RHB Securities Research - 19 Mar 2020
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