RHB Retail Research
Trading Stocks - Thong Guan Industries
Thong Guan Industries may rebound further after it tested the MYR3.41 support level lately. Given that it has formed a positive candle for the third consecutive session, the positive sentiment has been enhanced. A positive bias may emerge above the MYR3.54 level, with an exit set below the MYR3.41 threshold. Towards the upside, the immediate resistance is at the MYR3.88 level, followed by the MYR4.00 threshold.
Source: RHB Securities Research - 16 Dec 2019
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