RHB Retail Research

Trading Stocks - Chin Hin Group Property

rhboskres
Publish date: Tue, 02 Nov 2021, 08:58 AM
rhboskres
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RHB Retail Research

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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