THHEAVY is bullish after the share price surged up to close at record high @RM0.965 with strong trading volume as the market speculated on possible release of positive financial results, expected to be released in a few weeks. Chart-wise, the technical reading suggests buying momentum is building up the strength to break out above the overhead resistance zone @RM0.965-RM1.00. Beyond the resistance zone could mark the resumption of uptrend towards RM1.09 and RM1.20 next. THHEAVY is overall assessed as technically positive for the short term. Meanwhile, the downside support is pegged at RM0.880. 

 

Source: Kenanga