RHB Retail Research
Trading Stocks - JHM Consolidated
JHM Consolidated is resuming its uptrend as it breached above the recent resistance in the wake of a high trading volume. This, on top of the “higher low” price pattern, implies a bullish bias, which should emerge above MYR1.87. As such, the stock may move upwards to approach the next resistance level of MYR2.00, then the next hurdle of MYR2.09. If the support level of MYR1.76 is breached, this trading set-up will no longer be valid.
Source: RHB Securities Research - 28 Jun 2021
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