RHB Retail Research
Trading Stocks- JHM Consolidation
JHM has been developing a sideways consolidation pattern over the past week and a half. This is a healthy development following the stock’s prior sharp upward move. Towards the upside, a breakout from the MYR1.43 resistance could mark the extension of its uptrend. The subsequent resistance levels are at MYR1.53 and MYR1.60. A stop-loss can be set below MYR1.33.
Source: RHB Securities Research - 6 Jul 2020
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