RHB Retail Research
Trading Stocks - Johore Tin
Johore Tin may rise higher after it breached above the MYR1.54 threshold. Given that the stock has formed a long white candle above the rising 21-day SMA line, the positive sentiment has been enhanced. A positive bias may emerge above the MYR1.54 level, with an exit set below the MYR1.46 threshold. Towards the upside, the immediate resistance is at MYR1.70. This is followed by the MYR1.80 level.
Source: RHB Securities Research - 2 Dec 2019
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