RHB Retail Research
Technical Analysis - Tong Herr Resources
Tong Herr Resources may rise higher after the stock hit its 10- month high. With the 21-day SMA line edging upwards, this suggests a likelihood of an increasing demand in the near term. A bullish bias may emerge above the MYR4.03 level, with an exit set below the MYR3.72 threshold. Towards the upside, the immediate resistance is at MYR4.50. This is followed by the MYR5.00 level.
Source: RHB Securities Research - 11 Oct 2018
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