Lii Hen Industries surged past the resistance price of RM2.98 in its latest session with higher trading volume. With the momentum indicator RSI above 70%, the short-term momentum could reach a target price of RM3.25, followed by RM3.37. If it dips below RM2.98, it will move sideways and consolidate. The support price is anticipated at RM2.86 whereby traders may exit on a breach to avoid the risk of a further correction.

Trading Call: Buy on continuation above RM2.98

Target: RM3.25, RM3.37 (time frame: 3-6 weeks)

Exit: RM2.86

Source: AmInvest Research - 20 Sept 2019