Chin Hin Group is set to jump higher to reclaim its all-time high, after bouncing above the immediate resistance of MYR2.45 while forming a “higher high” bullish structure just above the 21- day average line. The positive momentum is expected to followthrough towards reclaiming the all-time high level at MYR2.75, before moving into uncharted territory of MYR3.00. On the other hand, falling below the immediate support of MYR2.30 would trigger the resumption of a downward correction – below the average line.

Source: RHB Securities Research - 27 Jan 2022