Johore Tin has likely completed sideways consolidation phase, says RHB Retail Research

Johore Tin has likely completed sideways consolidation phase, says RHB Retail Research
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KUALA LUMPUR (Oct 9): RHB Retail Research said Johore Tin Bhd has likely completed its 1-month sideways consolidation phase, with the latest positive price action indicating the resumption of its multi-month upward move.

In a trading stocks note today, the research house said a positive bias may appear above RM1.56, with resistance levels marked at RM1.65 and RM1.80.

“This positive expectation should remain in place, if the RM1.56 support continues to hold,” it said.