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Rakuten Trade Research Reports

Author: rakutentrade   |   Latest post: Wed, 15 Jan 2020, 11:47 AM

 

Technical View - LYC Healthcare Bhd (LYC, 0075)

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LYC Healthcare Bhd (0075)

  • LYC gained 11.7% or 3.5 sen to close at RM0.335 yesterday.
  • Yesterday’s move sent the stock price to close above 50-day simple moving average line, forming a long white candle on the back of higher trading volume. Yesterday’s bullish breakout signals a trend reversal of consolidation, thus we may see further price recovery from here.
  • As such, resistance levels are expected at RM0.350 (R1) and further to RM0.380 (R2).
  • On the contrary, support levels are found at RM0.285 (S1) and RM0.275 (S2).

Source: Rakuten Research - 1 Aug 2019

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Labels: LYC

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LYC 0.31 0.00 (0.00%) 636,700 

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