RHB Retail Research
Trading Stocks - JHM Consolidation
JHM Consolidation crossed above the 1-month downtrend line (as drawn in the chart), after it tested the MYR0.83 support mark – potentially marking the end of its correction phase. A positive bias may emerge above MYR0.875, with the resistance eyed at MYR0.95, followed by MYR0.99. A stop-loss can be placed below MYR0.875.
Source: RHB Securities Research - 9 Jun 2020
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