HLBank's uptrend may accelerate

On January 19, I've pointed out that HLBank had broken out of its 6-year old ascending triangle at the RM5.90 level (here). After that breakout, the share price advances have been blocked at the RM6.60 level and, over the past 3 weeks, another smaller ascending triangle was formed. Yesterday, HLBank has broken above that smaller triangle at the breakout level of RM6.60. With the latter breakout, I believe HLBank's uptrend could accelerate.


Chart: HLBank's daily chart as at Feb 22