JHM Consolidation surged and touched the RM2.08 resistance level with higher trading volume. With its RSI indicator pointing upwards, coupled with a higher high candle stick pattern, there is a good chance that it would experience a technical breakout and head towards the short-term target price of RM2.18, followed by RM2.24. The downside support is marked at RM1.98. Traders are advised to exit on a breach to avoid further losses.

Trading Call: Buy on breakout RM2.08

Target: RM2.18, RM2.24 (time frame: 2-4 weeks)

Exit: RM1.98

Source: AmInvest Research - 6 Apr 2021