RHB Retail Research
Trading Stocks - JHM Consolidation
JHM Consolidation may climb higher after posting a long white candle and hitting its new 52-week high. This upward momentum is likely to continue, given that it has posted a second consecutive white candle. A positive bias may emerge above the MYR1.48 level, with an exit set below the MYR1.37 threshold. Towards the upside, the immediate resistance is at the MYR1.63 level, followed by the MYR1.70 threshold.
Source: RHB Securities Research - 9 Dec 2019
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