RHB Retail Research
Trading Stocks - Johore Tin
Johore Tin may rebound further after it tested the MYR1.08 support recently. Given that it has formed a long white candle above the rising 21-day SMA line, this means that the bullish sentiment has been enhanced. A bullish bias may appear above the MYR1.16 level, with an exit set below the MYR1.08 threshold. Towards the upside, the near-term resistance is at MYR1.30. This is followed by the MYR1.36 level.
Source: RHB Securities Research - 24 Jan 2019
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