RHB Retail Research
Trading Stocks - Chin Hin Group Property
Chin Hin Group Property is set to resume its uptrend as it bounced off and breached the immediate resistance of MYR0.89 on high trading volume yesterday. If the breakout is sustained, the bulls may drive the stock towards the MYR1.00 psychological level before it reaches the 52-week high of MYR1.12, which is also the next resistance point. Conversely, falling below the MYR0.83 support level will cancel this expectation.
Source: RHB Securities Research - 2 Nov 2021
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