RHB Retail Research
Trading Stocks - Thong Guan Industries
Thong Guan Industries may rebound higher after it continued holding above the MYR3.33 support. Given that it has formed a positive candle for the second consecutive day, the positive sentiment has been enhanced. A positive bias may emerge above the MYR3.58 level, with an exit set below the MYR3.33 threshold. Towards the upside, the immediate resistance is at the MYR3.92 mark, followed by the MYR4.32 level.
Source: RHB Securities Research - 12 Mar 2020
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