RHB Retail Research
Trading Stocks - Thong Guan Industries
Thong Guan Industries may rise higher after it formed a long white candle and breached the MYR2.80 mark. This upward momentum is likely to continue, given that it has posted a second consecutive white candle. A bullish bias may emerge above the MYR2.77 level, with an exit set below the MYR2.64 threshold. Towards the upside, the immediate resistance is at MYR3.00. This is followed by the MYR3.20 threshold.
Source: RHB Securities Research - 7 Oct 2019
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