RHB Retail Research
Trading Stocks - JHM Consolidation
JHM Consolidation may rebound higher after it continued holding above the MYR1.21 support. The stock recently rose above the 21-day SMA line, which points to a positive sign. A bullish bias may appear above the MYR1.25 level, with an exit set below the MYR1.21 threshold. Towards the upside, the near-term resistance is at MYR1.37. This is followed by the MYR1.45 level.
Source: RHB Securities Research - 24 Jul 2019
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