AmInvest Research Reports
Stocks on Radar - Leong Hup International (6633)
AmInvest
Publish date: Tue, 26 Nov 2019, 08:53 AM
AmInvest
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All materials published here are prepared by AmInvest. For latest offers on AmInvest trading products and news, please refer to: https://www.aminvest.com/eng/Pages/home.aspx
Tel: +603 2036 1800 / +603 2032 2888
Fax: +603 2031 5210
Email: enquiries@aminvest.com
Office Hours
Monday to Thursday: 8:45am – 5:45pm
Friday: 8:45am – 5:00pm
(GMT +08:00 Malaysia)
Leong Hup International has been range-bound during recent sessions. With the momentum indicator RSI above 50%, it may break above the immediate resistance of RM0.94, and move towards the short-term target prices of RM0.975 and RM1.02. The immediate support is anticipated at RM0.91, whereby traders may exit on a breach to avoid the risk of a further correction.
Trading Call: Buy upon breakout above RM0.94
Target: RM0.975, RM1.02 (time frame: 3-6 weeks)
Exit: RM0.91
Source: AmInvest Research - 26 Nov 2019
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