Technical Radar - Hartanah Kenyalang Berhad
Wed, 19-Aug-2026 06:51 am
by Research Team • Apex Research

HKB (0359)
Last Price (RM)
0.645
Resistance (RM)
R1 — 0.710 / R2 — 0.735
Support (RM)
S1 — 0.610

Technical Commentary:

HKB has broken out of its Descending Triangle pattern that had formed since its June peak, surging 7.5% on a sharp expansion in volume to close at RM0.645. The MACD is curling higher towards the signal line and the RSI at 64.0 is recovering off the midline, indicating renewed bullish momentum after the multi-week correction. A follow-through above today's high could confirm a resumption of the primary uptrend.

We expect further upside towards RM0.710 and RM0.735, while the stop-loss is set at RM0.610.

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Market Mover
Settlement Rates
Currency Buy Rates (RM) Sell Rates (RM)
USD 4.043919 4.076373
EUR 4.698731 4.703540
CNY 0.601593 0.602209
HKD 0.515790 0.519424
SGD 3.166585 3.188978