RHB Retail Research
Trading Stocks - Thong Guan Industries
Thong Guan Industries may rebound higher after it continued holding above the MYR2.15 support. Given that it formed a white candle for the second consecutive day, the positive sentiment has been enhanced. An upbeat bias may emerge above the MYR2.60 level, with an exit set below the MYR2.15 mark. Towards the upside, the immediate resistance is at the MYR3.12 level, followed by the MYR3.45 threshold.
Source: RHB Securities Research - 26 Mar 2020
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