RHB Retail Research
Trading Stocks - Thong Guan Industries
Thong Guan Industries was testing the MYR3.05 level in its latest session. If the price breaks out, a bullish bias may be present above this point, with a target price of MYR3.38, followed by MYR3.74. The stock may consolidate further if it cannot breach above the MYR3.05 mark in the near term. Support may be found at MYR2.80, where traders can exit upon a breach to limit the downside risk.
Source: RHB Securities Research - 15 Apr 2020
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