RHB Retail Research
Trading Stocks - JHM Consolidation
JHM Consolidation’s buying momentum may have returned after it rose above the 21-day SMA line. This can be viewed as a continuation of the bulls extending the rebound from 3 Jun’s “Hammer” pattern. A bullish bias may emerge above the MYR1.17 level, with an exit set below the MYR1.09 threshold. Towards the upside, the immediate resistance is at MYR1.30. This is followed by the MYR1.37 level.
Source: RHB Securities Research - 13 Jun 2019
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