RHB Retail Research
Trading Stocks - JHM Consolidation
JHM Consolidation is attempting to form an interim base near the previous breakout level of MYR1.95 after its recent pullback. If the stock is able to sustain above this level, the bullish bias will remain. The next resistance is eyed at MYR2.13 and, subsequently, at MYR2.34. Meanwhile, if the stock drops below the MYR1.90 support level, the momentum may turn negative.
Source: RHB Securities Research - 13 Jul 2021
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