Leong Hup International has been consolidating sideways during the last few sessions, with an immediate resistance price of RM0.955. If it breaks the resistance level in the coming session, the short-term target prices will be RM1.02 and RM1.06. In this case, support is anticipated at RM0.90, whereby traders may exit on a breach to avoid the risk of a further correction.

Trading Call: Buy upon breakout above RM0.955

Target: RM1.02, RM1.06 (time frame: 3-6 weeks)

Exit: RM0.90

Source: AmInvest Research - 21 Nov 2019