Harn Len Corp Bhd
is continuing its steady progress towards reclaiming a multi-year high.
The stock has pushed higher since ending a correction phase in early March, and is set to hit an immediate resistance of RM1.25.
The outlook on the daily price chart is positive, as the share price continues to outpace the ascending SMA lines.
Past the initial resistance, the stock will approach the September 2021 high of RM1.54. The technical indicators are flashing overbought signals, but given the strong bullish trend, the uptrend is set to continue after brief bouts of profit-taking. Support is pegged to RM1.05 and 98.5 sen.
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