RHB Retail Research
Trading Stocks - JHM Consolidation
JHM Consolidation’s buying momentum may persist after the stock recorded its new 52-week high. Yesterday’s candle can be viewed as a continuation of the bulls extending the rebound from 7 Nov’s “Hammer” pattern. A positive bias may emerge above the MYR1.36 level, with an exit set below the MYR1.33 threshold. Towards the upside, the immediate resistance is at MYR1.50. This is followed by the MYR1.65 level.
Source: RHB Securities Research - 15 Nov 2019
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