Johor Plantations is eyeing to extend the upside movement after staging a bullish breakout. The stock has closed above the MYR0.965 resistance to form a “higher high” closing. Meanwhile, the 21-day SMA line is pointing upwards, showing short-term trend is bullish. Riding on the momentum, the stock may test MYR1.03, followed by MYR1.08. In the event it breaches the MYR0.92 support, this will negate the bullish setup.
Source: RHB Securities Research - 9 Sept 2024
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JPGCreated by rhbinvest | Nov 22, 2024
Created by rhbinvest | Nov 22, 2024