AmInvest Research Reports

Stock on Radar - Harbour-Link Group (HARBOUR)

AmInvest
Publish date: Tue, 12 Nov 2024, 10:23 AM
AmInvest
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Harbour-Link Group (HARBOUR | 2062)

Last Price: RM1.57 | Technical Call: BUY

Technical chart: HARBOUR

 

Support 1: RM1.50Resistance 1: RM1.70
Support 2: RM1.40Resistance 2: RM1.80
Shariah Compliant: NoSector: Transportation

 

Harbour-Link Group's buying interest may have returned after it broke out of the 2-week bullish flag pattern a few candles back. As the 20-day and 50-day EMAs have confirmed their bullish crossover three weeks ago, the stock looks positive in the near term. A bullish bias may emerge above the RM1.50 level with stop-loss set at RM1.38, below the 30 Sep low. Towards the upside, near-term resistance level is seen at RM1.70, followed by RM1.80.

Entry: RM1.50-1.57

Target: RM1.70, RM1.80

Exit: RM1.38

 

Source: AmInvest Research - 12 Nov 2024

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