RHB Retail Research

Author: rhboskres   |   Latest post: Thu, 5 Dec 2019, 5:08 PM


Technical Analysis - Tong Herr Resources

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Tong Herr Resources may rebound higher after it continued holding above the MYR3.80 support. As the stock rose above the 21-day SMA line, this indicates a positive sign. A bullish bias may appear above the MYR3.93 level, with an exit set below the MYR3.80 threshold. Towards the upside, the nearterm resistance is at MYR4.28. This is followed by the MYR4.50 level.

Source: RHB Securities Research - 5 Dec 2018

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