Hartalega attempting to stage a technical rebound, says RHB Retail Research

Hartalega attempting to stage a technical rebound, says RHB Retail Research
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KUALA LUMPUR (Nov 26): RHB Retail Research said Hartalega Holdings Bhd is attempting to stage a technical rebound.

In a trading stocks note on Friday, the research house said the trading volume has been decreasing, which suggests that selling pressure is tapering down.

“If the stock climbs above the immediate resistance of RM5.20, a bullish bias could emerge. It may climb higher towards the next resistance of RM5.40, followed by RM5.60.

“Meanwhile, breaching below the RM4.97 support may see the correction resuming,” it said.