Poh Huat Resources was testing the MYR1.47 level in its latest session. A bullish bias may be present above this point with a target price of MYR1.53, followed by MYR1.60. The stock may take a breather if it cannot breach above the MYR1.47 threshold decisively in the coming sessions. Support may be found at MYR1.38, where traders can exit upon a breach to limit the downside risk.

Source: RHB Securities Research - 12 Nov 2018