HENG HUAT RESOURCES GROUP BHD Stock Code 7089
HHGROUP has formed a short term consolidation breakout above the RM0.425 level with higher-thanaverage volumes. The MACD Histogram has turned green, while the RSI has crossed above 50. Price target will be envisaged around the RM0.465 and RM0.545 levels. Support will be anchored around the RM0.41 level.
source: Malacca Securities – 18/05/2016
HENG HUAT RESOURCES GROUP BERHAD
The Group are principally involved in the manufacturer trading of biomass material and value-added products focusing on oil palm empty fruit bunches (EFB) fibre coconut fibre and value-added products and also manufacturer and distributor of their own brands of mattress and bedding accessories.