RHB Retail Research
Trading Stocks - Hume Industries
Hume Industries may rise higher after it breached above the MYR1.20 threshold. In view that the 21-day SMA line is likely to begin turning upwards, this implies a positive outlook sentiment. An upbeat bias may emerge above the MYR1.20 level, with an exit set below the MYR1.10 mark. Towards the upside, the immediate resistance is at the MYR1.41 level, followed by the MYR1.54 threshold.
Source: RHB Securities Research - 6 May 2020
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