RHB Retail Research
Technical Analysis - JHM Consolidation
JHM Consolidation
JHM Consolidation was testing the MYR1.34 level in its recent trades. A bullish bias may be present above this point with a target price of MYR1.46, followed by MYR1.59. The stock may take a breather if it cannot breach above the MYR1.34 threshold decisively in the near term. Support may be found at MYR1.15, where traders can exit upon a breach to minimise the downside risk.
Source: RHB Securities Research - 21 Aug 2018
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