RHB Retail Research
Trading Stocks - Johore Tin
Johore Tin may rebound higher after forming a bullish "Piercing Line" pattern in its latest trading session. As the stock has marked a higher close above the MYR1.26 support, this indicates a positive sign. A bullish bias may appear above the MYR1.35 level, with an exit set below the MYR1.26 threshold. Towards the upside, the near-term resistance is at MYR1.48. This is followed by the MYR1.60 level.
Source: RHB Securities Research - 15 May 2019
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