RHB Retail Research
Trading Stocks - Thong Guan Industries
Thong Guan Industries was testing the MYR3.58 level recently. A bullish bias may be present above this point, with a target price of MYR3.72, followed by MYR3.88. The stock may turn sideways if it cannot breach above the MYR3.58 mark in the coming sessions. Support may be found at MYR3.27, where traders can exit upon a breach to limit the downside risk.
Source: RHB Securities Research - 9 Dec 2019
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