RHB Retail Research
Trading Stocks - Thong Guan Industries
Thong Guan Industries may rise higher after posting a long white candle and hitting its new 52-week high. This can be viewed as a continuation of the bulls extending the rebound from 28 Jan’s “Hammer” pattern. A positive bias may emerge above the MYR3.60 level, with an exit set below the MYR3.38 threshold. Towards the upside, the immediate resistance is at MYR4.00. This is followed by the MYR4.30 level.
Source: RHB Securities Research - 31 Jan 2020
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
