Highlights / Stock Picks of the Day - TSH Resources Berhad ("TSH")

In relation to most other plantation stocks, TSH share price has been relatively resilient in the past year and was able  to maintain its mild uptrend despite the contrasting downtrend in crude  palm oil prices over the same period. Earlier this month, TSH retreated to its long term trend line at RM2.15 before staging a rebound. The indicators are supportive of a move higher with the MACD firmly above the Signal line, while the 14-day Stochastics and RSI indicators are also seen inching higher. Coming to the end of the week, we reckon that TSH may still have some upsides in the near term as the indicators have yet to show signs of weakness. That said, with the RSI nearing overbought zones, traders should continue to keep a close watch on this indicator.

Source: Kenanga