We believe buying interest for TSH Resources may have returned after it broke out of the 3-week bullish flag pattern a few candles back. With the stock pushing near its 52-week high, which coincides with its rising 20-day EMA, the bullish momentum may be present now. A bullish bias may emerge above the RM1.65 level, with a stop-loss set at RM1.58, below the 20-day EMA. On the upside, the near-term resistance level is seen at RM1.80, followed by RM1.90.

Entry : RM1.65–1.70

Target : RM1.80, RM1.90

Exit : RM1.58

Source: AmInvest Research - 30 Mar 2022