JHM Consolidated is in the process of extending its upward move, testing the resistance level of MYR1.90. As the 21-day SMA line is trending higher, we believe the bullish momentum will prevail if it continues to trade above the resistance level. From a technical perspective, the next resistance level should be at MYR2.00, followed by MYR2.10. Meanwhile, a downward breach of the MYR1.80 support should negate this expectation.

Source: RHB Securities Research - 2 Nov 2020