RHB Retail Research
Trading Stocks - JHM Consolidation
JHM Consolidation is in the process of consolidating sideways, after undergoing a retracement recently. A bullish bias may emerge above the MYR1.98 resistance level. If a breakout happens, expect the uptrend to resume and move towards the next resistance of MYR2.07, followed by MYR2.20. Conversely, breaching below the MYR1.80 support would cancel this expectation.
Source: RHB Securities Research - 31 March 2021
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