TSH Resources’ buying momentum is back after it broke out of the RM1.30 resistance with a long white candle two sessions ago. As the stock also recorded its 52-week high, the bullish momentum is likely to gain strength. An upbeat bias may emerge above the RM1.30 level, with a stop-loss set at RM1.25, below 16 Feb’s low. On the upside, the nearterm resistance level is seen at RM1.45, followed by RM1.50.

Entry: RM1.30–1.34

Target: RM1.45, 1.50

Exit: RM1.25
 

Source: AmInvest Research - 18 Feb 2022