SOON after finding a shelter at a near eight-year low of RM1.05 on Nov 9, last year following a prolonged bearish phase, TH Plantations Bhd (TH Plant; Code: 5112) shares staged a steep rally in an attempt to recover.
However, the upward thrust, lasting three weeks, came to a halt at the RM1.27 level, as the bulls could not attract follow-through interest but profit-taking selling.
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