RHB Retail Research
Technical Analysis - JHM Consolidation
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JHM Consolidation’s buying momentum may have returned after it rose above the 21-day SMA line. This upward momentum is likely to continue, given that it has posted a second consecutive white candle. A bullish bias may appear above the MYR1.05 level, with an exit set below the MYR0.93 threshold. Towards the upside, the near-term resistance is at MYR1.17. This is followed by the MYR1.26 level.
Source: RHB Securities Research - 16 Jul 2018
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