JHM Consolidation jumped and touched the RM1.72 resistance level. With its higher high candle stick pattern, coupled with higher trading volume, there is a good chance that it would experience a technical breakout and head towards the short-term target price of RM1.80, followed by RM1.85. The downside support is marked at RM1.60. Traders are advised to exit on a breach to avoid further losses.

Trading Call: Buy on breakout RM1.72

Target: RM1.80, RM1.85 (time frame: 2-4 weeks)

Exit: RM1.60
 

Source: AmInvest Research - 2 Jun 2021