RHB Retail Research
Trading Stocks - Chin Hin Group
Chin Hin Group formed a long white candle, indicating that the momentum of buying could be strong. This candle be viewed as a continuation of the bulls extending the buying momentum from 2 Jul’s upside gap. A bullish bias may emerge above the MYR0.80 level, with an exit set below the MYR0.765 threshold. Towards the upside, the immediate resistance is at MYR0.85. This is followed by the MYR0.885 level.
Source: RHB Securities Research - 11 Jul 2019
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