Rakuten Trade Research Reports
Technical View - Ho Hup Construction Company Bhd (HOHUP, 5169)
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Publish date: Tue, 01 Sep 2020, 03:42 PM
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Rakuten Trade
Hotline: +603 2110 7110 (Account Opening, General enquiry)
Email: customerservice@rakutentrade.my
Ho Hup Construction Company Bhd (5169)
• HOHUP closed unchanged at RM0.49 last Friday.
• Based on encouraging signs from technical indicators, recent trading activities saw renewed buying interest on the stock. Should the buying momentum continue, we expect share price to trend higher potentially breaking out from current consolidation phase
• From here, resistance levels are seen at RM0.54 (R1) and RM0.60 (R2).
• Conversely, support levels are identified at RM0.44 (S1) and RM0.39 (S2).
Source: Rakuten Research - 1 Sept 2020
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