Chin Hin Group is set to print in uncharted territory, as it breached above the all-time high threshold of MYR2.75 yesterday on improved trading volume – thereby forming a “higher high” bullish pattern. If the momentum maintains above that level, the bulls may propel the stock towards the MYR3.00 psychological level, followed by the MYR3.30 mark. In the event that it falls below the MYR2.61 support or Friday’s low, the positive momentum may fade away due to the formation of a “lower low” bearish pattern.

Source: RHB Securities Research - 8 Mar 2022