RHB Retail Research
Trading Stocks - Poh Huat Resources
Poh Huat Resources is consolidating near the resistance level marked at MYR1.78. We expect to see a technical rebound above this resistance soon. If it crosses the resistance, the bullish momentum may swing the stock towards the next resistance level at MYR1.86, followed by MYR1.94. This positive expectation should remain valid, provided the MYR1.70 support is not breached.
Source: RHB Securities Research - 23 Dec 2020
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