RHB Retail Research
Trading Stocks - Hartalega
Hartalega is attempting to stage a technical rebound. The trading volume has been decreasing, which suggest that selling pressure is tapering down. If the stock climbs above the immediate resistance of MYR5.20, a bullish bias could emerge. It may climb higher towards the next resistance of MYR5.40, followed by MYR5.60. Meanwhile, breaching below the MYR4.97 support may see the correction resuming.
Source: RHB Securities Research - 26 Nov 2021
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