JHM Consolidation may rebound further after it tested the MYR1.12 support in its latest session. Yesterday’s white candle has engulfed the prior one to form a “Bullish Engulfing” pattern, implying a potential rebound. A bullish bias may appear above the MYR1.17 level, with an exit set below the MYR1.12 threshold. Towards the upside, the near-term resistance is at MYR1.33. This is followed by the MYR1.45 level.

Source: RHB Securities Research - 28 Feb 2019