TSH Resources Bhd (TSH, 9059)

• TSH posted a white candlestick following a Doji pattern in the previous close. The stock is currentlypoised to break out from a sideways movement and resistance at the RM1.17 level. We believe it may continue to trend higher if a breakout occurs, supported by a converging bullish crossover.

• We anticipate that the rising momentum will steer the stock higher, testing the next resistance atRM1.28 (R1), followed by RM1.35 (R2) in the near term.

• On the downside, stop-loss is set at RM1.04.

Source: Rakuten Research - 11 Nov 2024

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