RHB Retail Research
Trading Stocks - Ho Hup Construction Company
Ho Hup Construction Company’s upside move may persist after it continued holding above the rising 21-day SMA line. Yesterday’s candle can be viewed as a continuation of the bulls extending the buying momentum from 6 May’s upside gap. A bullish bias may appear above the MYR0.525 level, with an exit set below the MYR0.48 threshold. Towards the upside, the near-term resistance is at MYR0.60. This is followed by the MYR0.645 level.
Source: RHB Securities Research - 10 May 2019
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