Harbour-link Group is eyeing its multi-year high as it attempted to break the immediate resistance of MYR1.01 on improved trading volume. Riding on the “higher low” pattern, a bullish bias may be established should it break above the immediate resistance level. If that happens, the bullish momentum is expected to uplift the stock towards the next resistance of MYR1.08, followed by its multi-year high level of MYR1.17. Meanwhile, breaching below the MYR0.945 support would see the momentum fade away.

Source: RHB Securities Research - 1 Sept 2021