SHH RESOURCES HOLDINGS BHD – Stock Code 7412
above: SHH Resources Daily Chart
SHH Resources may rebound further after climbing above the MYR2.16 level in its latest session, albeit marginally. Traders may buy as a bullish bias could be present above this level, with a target price of MYR2.48, assuming the MYR2.25 minor resistance can be breached. The stock may turn sideways if it dips back below the MYR2.16 level. In this case, further support is anticipated at MYR2.41, where traders can exit upon a breach to avoid the risk of a further correction.
source: RHB Research – 2/12/2105
SHH RESOURCES HOLDINGS BERHAD
The principal activities of SHH Resources BHD is that of investment holding. The principal activities of its subsidiary companies are: Investment holding and manufacturing of wooden furniture Processing and kiln drying of timber and property investment