Chin Hin Group is attempting to climb higher, as it tested the immediate resistance with a higher trading volume yesterday. Underpinned with renewed positive momentum, the bulls are eyeing to breach above the MYR1.27 immediate resistance level. If this happens, we expect the positive momentum to propel the stock towards the next resistance pegged at MYR1.32, followed by MYR1.35. If the stock falls below the MYR1.22 support, this expectation will be voided.

Source: RHB Securities Research - 22 Jul 2021