RHB Retail Research
Trading Stocks - Johore Tin
Johore Tin may rise higher after posting a white candle and hitting its new 52-week high. Last Friday’s white candle can be viewed as bulls extending the rebound from 1 Mar’s “Bullish Engulfing” pattern. A bullish bias may emerge above the MYR1.45 level, with an exit set below the MYR1.32 threshold. Towards the upside, the immediate resistance is at MYR1.60. This is followed by the MYR1.70 level.
Source: RHB Securities Research - 18 Mar 2019
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