KUALA LUMPUR (March 18): RHB Retail Research said Johore Tin Bhd may rise higher after posting a white candle and hitting its new 52-week high.
In its trading stocks today, the research house said last Friday’s white candle can be viewed as bulls extending the rebound from March 1’s “Bullish Engulfing” pattern.
“A bullish bias may emerge above the RM1.45 level, with an exit set below the RM1.32 threshold.
“Towards the upside, the immediate resistance is at RM1.60. This is followed by the RM1.70 level,” it said.