RHB Retail Research
Trading Stocks - Harbour-Link
Harbour-Link is rebounding near the 21-day SMA line. With the 21-day SMA line curving upwards, the uptrend remains intact. A bullish bias may appear above the MYR0.92 resistance level. A successful breakout from the resistance should see the stock trading higher to test the next hurdle of MYR1.00, followed by MYR1.10. A downside breach of the MYR0.82 support would negate this expectation, and trigger a stock price correction.
Source: RHB Securities Research - 19 Feb 2021
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