• JHM advanced 5.6% or 10 sen to RM1.89 last Friday.

• Recent share price movement resembles a bullish pattern of rising three methods that signals a possible continuation of upward force following a slight retracement previously.

• JHM is also making a firm rebound as the stock is forming higher lows structure since hitting bottom of RM1.53. With share price starting to climb above an upward sloping short-term moving average line, we expect the buying interest to persist.

• Should it break the previous high of RM1.95 (R1), we expect the momentum to continue heading to next resistance level of RM2.08 (R2).

• Conversely, support levels are pegged at RM1.75 (S1) and RM1.68 (S2).

Source: Rakuten Research - 28 Jun 2021