Sector: Technology/ Automotive

Analysed on 30/10/21

After going through a series of correction since the early of August, JHM seems to have found the bottom and begin to show the sign of rebound. JHM is currently trading at RM1.980, with immediate support at RM1.930 and immediate resistance at RM2.020.

JHM is currently trading above both EMA25 and EMA50 indicating that the current momentum is strong. Note that EMA25 has began to trend upwards, which may later confirm the trend reversal for JHM should EMA25 continue to trend upwards and move above EMA50 (golden cross). Investor who is interested in JHM may consider to wait for the occurrence of golden cross for better confirmation of trend reversal.

Reason to Monitor: Potential Trend Reversal

--------------------------------------------------------

Follow our FB and telegram channel for more investing and trading analysis. Share it out to your friends and family!

TELEGRAM ：https://t.me/nottinvest

FB PAGE ：https://fb.com/NottInvest
--------------------------------------------------------

Cheers
NOTT INVEST 

Disclaimer: 

This content by NOTT INVEST, is in no way a solicitation or offer to buy or sell securities or investment advisory services. 

Readers should always seek the advice of an appropriately qualified professional and perform due diligence before making any investment decisions. 

We shall not be liable for any errors or inaccuracies, regardless of cause.