RHB Retail Research

Author: rhboskres   |   Latest post: Fri, 18 Jun 2021, 5:31 PM


Trading Stocks - Lagenda Properties

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Lagenda Properties was ready to move higher, and broke past the resistance level of MYR0.87. Based on the price and volume profile, note that trading volume was spiking near the MYR0.83 level. As such, we believe the bottoming process has concluded. As such, expect the bullish momentum to reach the next resistance of MYR0.915, followed by MYR0.945. A downside breach of the MYR0.83 support level would nullify this expectation.

Source: RHB Securities Research - 15 Oct 2020

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Chart Stock Name Last Change Volume 
LAGENDA 1.29 0.00 (0.00%) 789,000 

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