RHB Retail Research
Trading Stocks - Johore Tin
Johore Tin was testing the MYR1.14 level recently. If the price breaks out, a bullish bias may be present above this point, with a target price of MYR1.28, followed by MYR1.44. The stock may consolidate further if it cannot breach above the MYR1.14 mark decisively in the near term. Support may be found at MYR0.98, where traders can exit upon a breach to minimise the downside risk.
Source: RHB Securities Research - 27 Mar 2020
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