RHB Retail Research
Trading Stocks - Thong Guan
Thong Guan Industries was testing the MYR3.50 level recently. A bullish bias may be present above this point, with a target price of MYR3.80, followed by MYR4.00. The stock may take a breather if it cannot breach above the MYR3.50 mark decisively in the coming sessions. Support may be found at MYR3.20, where traders can exit upon a breach to limit the downside risk.
Source: RHB Securities Research - 15 Jan 2020
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