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JHM Consolidation may rebound further, says RHB Retail Research

TheEdge Tue, Oct 08, 2019 08:39am - 9 months ago

KUALA LUMPUR (Oct 8): RHB Retail Research said JHM Consolidation Bhd may rebound further after it tested the RM1.22 support in the recent session.

In a trading stocks note today, the research house said as the stock recovered above the RM1.30 threshold, this indicates a positive sign.

“A positive bias may emerge above the RM1.30 level, with an exit set below the RM1.22 threshold.

“Towards the upside, the immediate resistance is at the RM1.40 mark. This is followed by the RM1.50 threshold,” it said.


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