RHB Retail Research
Trading Stocks - Ho Hup Construction Company
Ho Hup Construction Company may move higher after it tested the MYR0.53 support in its latest session. Yesterday’s white candle can be viewed as the bulls extending the upward momentum from 6 May’s upside gap. A bullish bias may appear above the MYR0.56 level, with an exit set below the MYR0.53 threshold. Towards the upside, the near-term resistance is at MYR0.645. This is followed by the MYR0.70 level.
Source: RHB Securities Research - 15 May 2019
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