RHB Retail Research
Trading Stocks - JHM Consolidation
JHM Consolidation may rise higher after it hit the new 52-week high and breached above the MYR1.40 mark. As the 21-day SMA line is likely to begin turning upwards, this implies a bullish sign. A positive bias may emerge above the MYR1.44 level, with an exit set below the MYR1.36 threshold. Towards the upside, the immediate resistance is at the MYR1.65 mark. This is followed by the MYR1.80 level.
Source: RHB Securities Research - 19 Nov 2019
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