RHB Retail Research
Technical Analysis - Ho Hup Construction Company
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Ho Hup Construction’s upside momentum may persist after the stock posted a long white candle. As the 21-day SMA line crossed above the 55-day SMA line recently, this has enhanced the buying momentum. A bullish bias may emerge above the MYR0.49 level, with an exit set below the MYR0.44 threshold. Towards the upside, the immediate resistance is at MYR0.55. This is followed by the MYR0.60 level.
Source: RHB Securities Research - 6 Jul 2018
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