RHB Retail Research
Trading Stocks - JHM Consolidation
JHM Consolidation has been consolidating below the MYR1.17 level (located around the 30-day SMA line) over recent sessions. A firm breakout above this level would likely signal the extension of its rebound. Towards the upside, the resistance points are expected at MYR1.22, followed by MYR1.30. A stoploss can be placed below MYR1.14.
Source: RHB Securities Research - 19 Sept 2019
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