RHB Retail Research
Technical Analysis - JHM Consolidation
JHM Consolidation may trend higher after posting a long white candle and leaving an upside gap. This close has sent the stock to its highest close in more than 6 months, thereby enhancing the positive sentiment. A bullish bias may appear above the MYR1.32 level, with an exit set below the MYR1.23 threshold. Towards the upside, the near-term resistance is at MYR1.46. This is followed by the MYR1.59 level.
Source: RHB Securities Research - 27 Sept 2018
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