JHM consolidation one of the famous tech stock in malaysia
JHM consolidation is one of the dark horses technology stock listed in Bursa Malaysia which involved in the semiconductors industry (LED Component)
Charting wise it is forming a break out from Head & Shoulder Pattern at 1.23 and giving a TP of 1.69.
On friday the share price surge for approximately 5% and close at current years peak which is 1.34
With the support for the volume surge and solid consensus estimate giving by analysis from investment bank with a TP of (1.75) is actually close to the TP of Head and Shoulder Pattern of 1.69
Therefore it might not be a form of surprise if the price surge to its previous all time high record around 1.6 - 1.7 range
With a cut loss of 1.2 might be a safe bet.
Solely for education purpose without any buy or sell recommendation.
Charting wise it is forming a break out from Head & Shoulder Pattern at 1.23 and giving a TP of 1.69.
On friday the share price surge for approximately 5% and close at current years peak which is 1.34
With the support for the volume surge and solid consensus estimate giving by analysis from investment bank with a TP of (1.75) is actually close to the TP of Head and Shoulder Pattern of 1.69
Therefore it might not be a form of surprise if the price surge to its previous all time high record around 1.6 - 1.7 range
With a cut loss of 1.2 might be a safe bet.
Solely for education purpose without any buy or sell recommendation.
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