RHB Retail Research
Technical Analysis - Poh Huat Resources
Poh Huat Resources was testing the MYR1.43 level recently. A bullish bias may be present above this point with a target price of MYR1.48, followed by MYR1.54. The stock may take a breather if it cannot breach above the MYR1.43 threshold in the near term. Support may be found at MYR1.35, where traders can exit upon a breach to minimise the downside risk.
Source: RHB Securities Research - 25 Oct 2018
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