JHM ready to continue uptrend reversal, says RHB Retail Research

JHM ready to continue uptrend reversal, says RHB Retail Research
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KUALA LUMPUR (Oct 25): RHB Retail Research said JHM Consolidation Bhd is ready to continue its uptrend reversal, after breaching the RM1.95 resistance level on improved trading volume amid printing a “higher high” bullish pattern.

In a trading stocks note on Monday (Oct 25), the research house said if a breakout is sustained above this level, the positive momentum may follow through towards the RM2.12 resistance level, before pushing it towards RM2.26.

“If it falls below the RM1.89 support level, the momentum may dissipate,” it said.