RHB Retail Research
Technical Analysis - Poh Huat Resources
Poh Huat Resources was testing the MYR1.58 level in its latest session. A bullish bias may be present above this point with a target price of MYR1.70, followed by MYR1.80. The stock may consolidate further if it cannot surpass the MYR1.58 threshold decisively in the coming sessions. Support may be found at MYR1.48, where traders can exit upon a breach to minimise the downside risk.
Source: RHB Securities Research - 22 Nov 2018
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