Johore Tin may rebound higher, says RHB Retail Research

Johore Tin may rebound higher, says RHB Retail Research
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KUALA LUMPUR (May 4): RHB Retail Research said Johore Tin Bhd may rebound higher after it continued holding above the RM1.33 support.

In a trading stocks note today, the research house said with the 21-day SMA line edging upwards, this implies a positive outlook.

“An upbeat bias may emerge above the RM1.40 level, with an exit set below the RM1.33 mark.

“Towards the upside, the immediate resistance is at the RM1.52 level, followed by the RM1.62 threshold,” it said.