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.