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JHM in process of consolidating sideways, says RHB Retail Research

2021-03-30T23:19:05-04:00March 30th, 2021|

KUALA LUMPUR (March 31): RHB Retail Research said JHM Consolidation Bhd is in the process of consolidating sideways, after undergoing a retracement recently.

In a trading stocks note today, the research house said a bullish bias may emerge above the RM1.98 resistance level.

“If a breakout happens, expect the uptrend to resume and move towards the next resistance of RM2.07, followed by RM2.20.

“Conversely, breaching below the RM1.80 support would cancel this expectation,” it said.

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