RHB Retail Research
Trading Stocks - Hume Industries
Hume Industries may climb higher, after posting another white candle and leaving an upside gap. As the 21-day SMA line is likely to turn higher, the bullish sentiment has been enhanced. A positive bias may emerge above the MYR1.42 level, with an exit set below the MYR1.35 mark. Towards the upside, the immediate resistance is at the MYR1.60 level, followed by the MYR1.70 threshold.
Source: RHB Securities Research - 7 Feb 2020
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