RHB Retail Research
Trading Stocks - Thong Guan Industries
Thong Guan Industries’ retracement phase has likely reached an interim low at MYR4.60. It is now likely in the process of developing a rebound, if not resuming its uptrend. A positive bias may appear above MYR4.85 with resistance points eyed at MYR5.05 and MYR5.20. This positive expectation would remain valid provided the MYR4.85 support does not fail.
Source: RHB Securities Research - 24 Sept 2020
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