RHB Retail Research
Trading Stocks - Thong Guan Industries
Thong Guan Industries may climb higher after posting a white candle and hitting its new 52-week high. With the 21-day SMA line edging upwards, this implies a bullish outlook sentiment. A positive bias may emerge above the MYR3.06 level, with an exit set below the MYR2.95 threshold. Towards the upside, the immediate resistance is at the MYR3.37 level, followed by the MYR3.50 threshold.
Source: RHB Securities Research - 19 Nov 2019
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