Possible for Harbour to rebound, says PublicInvest Research

-A +A

KUALA LUMPUR (Dec 20): Public Investment Bank Bhd Research said Harbour-Link Group Bhd’s (Harbour) share price has bottomed out of consolidation phase.

In a trading ideas note today, the research house said bullish RSI and MACD indicators signal reasonable entry level, with anticipation of continuous improvement in both momentum and trend in the near term.

“Should 79 sen resistance level be broken, it may continue to lift price higher to the next resistance levels of 82.5 sen and 85 sen.

“However, failure to hold on to support level of 67 sen may indicate weakness in the share price and hence, a cut-loss signal,” it said.