Ho Hup Construction Company may move higher after it continued holding above the MYR0.405 support. As the stock rose above the 21-day SMA line, this indicates a positive sign. A bullish bias may appear above the MYR0.45 level, with an exit set below the MYR0.405 threshold. Towards the upside, the near-term resistance is at MYR0.505. This is followed by the MYR0.54 level.

Source: RHB Securities Research - 19 Sept 2018