AmInvest Research Reports

Author: AmInvest   |   Latest post: Wed, 28 Oct 2020, 9:54 AM


Stocks on Radar - Lii Hen Industries (7089)

Author:   |    Publish date:

Lii Hen Industries has been consolidating range-bound during recent sessions. As the momentum indicator RSI has moved above 50%, there is a possibilibity it will break the immediate resistance of RM3.12, with a target price of RM3.26 followed by RM3.40. On the downside, the support price is anticipated at RM2.98 whereby traders may exit on a breach to avoid the risk of a further correction.

Trading Call: Buy upon breakout above RM3.12

Target: RM3.26, RM3.40 (time frame: 3-6 weeks)

Exit: RM2.98

Source: AmInvest Research - 19 Nov 2019

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Labels: LIIHEN

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Chart Stock Name Last Change Volume 
LIIHEN 4.17 +0.03 (0.72%) 1,663,200 

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