RHB Retail Research
Trading Stocks - Ho Hup Construction Company
Ho Hup Construction Company may climb higher after it breached above the MYR0.55 threshold. This upward momentum is likely to continue, given that it has posted a third consecutive white candle. A positive bias may emerge above the MYR0.55 level, with an exit set below the MYR0.495 threshold. Towards the upside, the immediate resistance is at the MYR0.605 level, followed by the MYR0.66 threshold.
Source: RHB Securities Research - 1 Nov 2019
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