MHC Plantations may rise higher after posting another white candle and hit its new 52-week high yesterday. The stock’s move above the key RM1.18 resistance indicates that the near-term bullish trend may persist. An upbeat bias may emerge above the RM1.18 level, with a stop-loss set at RM1.08, below 21 Feb’s low. On the upside, the near-term resistance level is seen at RM1.30, followed by RM1.40.

Entry: RM1.18–1.20
Target: RM1.30, 1.40
Exit: RM1.08
 

Source: AmInvest Research - 25 Feb 2022