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