RHB Retail Research
Trading Stocks - JHM Consolidation
JHM Consolidation may rebound further after it tested MYR1.10 support recently. As the stock rose above the 21- day SMA line, this indicates a positive sign. A bullish bias may appear above the MYR1.16 level, with an exit set below the MYR1.10 threshold. Towards the upside, the near-term resistance is at MYR1.27. This is followed by the MYR1.42 level.
Source: RHB Securities Research - 19 Mar 2019
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