Leong Hup International shot up and formed a long white candle in its lastest session. With an RSI level above 60%, it may continue to climb above the resistance price of RM0.85. If this happens, its short-term target price will be RM0.90 followed by
RM0.97. If it closes below RM0.85, expect a sideway movement. The support price is anticipated at RM0.815, whereby traders may exit on a breach to avoid the risk of a further
Trading Call: Buy on continuation above RM0.85
Target: RM0.90, RM0.97 (time frame: 3-6 weeks)
Exit: RM0.815
Source: AmInvest Research - 2 Oct 2019
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Created by AmInvest | Nov 25, 2024