Apr 14, 2015

Heng Huat: Technical

Heng Huat Resources Group Bhd Stock Code 0175  (HHGROUP)

henghuatHeng Huat Daily Chart 

Heng Huat Resources may trend higher after closing above the MYR0.545 level in its latest session. Traders may buy as a bullish bias could be present above this level, with a target price of MYR0.615, followed by MYR0.655. The stock may pull back to take a breather if it cannot sustain above the MYR0.545 mark. In this case, further support is anticipated at MYR0.51, where traders can exit upon a breach.

by RHB

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.