Hartalega Holdings is in the process of a rebound, as it bounced higher yesterday following a recent pullback – printing a “White Marubozu” bullish candlestick. If it manages to move past the MYR5.60 nearest resistance – forming a “higher high” bullish pattern – buying pressure should continue to lift the stock towards the resistance of MYR5.97, followed by MYR6.33. If it falls below the MYR5.22 support, the momentum may be reversed.

Source: RHB Securities Research - 23 Dec 2021