RHB Retail Research
Trading Stocks - JHM Consolidation
JHM Consolidation was testing the MYR1.34 level in its latest session. A bullish bias may be present above this point with a target price of MYR1.44, followed by MYR1.56. The stock may consolidate further if it cannot breach above the MYR1.34 threshold in the coming sessions. Support may be found at MYR1.23, where traders can exit upon a breach to limit downside risk.
Source: RHB Securities Research - 22 Apr 2019
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