Chin Hin Group hit its new multi-year high and cracked above the key RM2.75 resistance (the Jan high) yesterday, which likely indicates the return of buying momentum. As the 20-day and 50-day EMAs are starting to turn upwards, a bullish outlook can be expected here. A bullish bias may emerge above the RM2.75 level, with a stop-loss set at RM2.58, below 4 March’s low. On the upside, the near-term resistance level is seen at RM3.00, followed by RM3.15.

Entry : RM2.75–2.83

Target : RM3.00, 3.15

Exit : RM2.58

Source: AmInvest Research - 8 Mar 2022