RHB Retail Research
Technical Analysis - Tong Herr Resources
Tong Herr Resources’ upside move may persist after it continued holding above the 21-day SMA line. As the 21-day SMA line has crossed above the 55-day SMA line lately, this is an indication of a positive sign. A bullish bias may emerge above the MYR3.75 level, with an exit set below the MYR3.56 threshold. Towards the upside, the immediate resistance is at MYR4.10. This is followed by the MYR4.26 level.
Source: RHB Securities Research - 3 Sept 2018
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