RHB Retail Research
Trading Stocks - JHM Consolidation
JHM Consolidation has been trading in a minor sideways trading pattern in the latest sessions, after it recently formed a white candle and crossed above the 21-day SMA line. The stock could extend its rebound if it breaks out from the MYR1.97 resistance. The resistance levels are set at MYR2.10 and MYR2.20. A downside breach of MYR1.87 would cancel this positive expectation.
Source: RHB Securities Research - 11 Jan 2021
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