Lii Hen Industries was testing the RM3.23 level during its intraday high. With a rising RSI, it may move higher above this mark with a short-term target price of RM3.40, followed by RM3.48. Meanwhile, it may drift sideways if it fails to cross the RM3.23 mark in the near term. In this case, support is anticipated at RM3.14, whereby traders may exit on a breach to avoid the risk of a further correction

Trading Call: Buy upon breakout above RM3.23

Target: RM3.40, RM3.48 (time frame: 3-6 weeks)

Exit: RM3.14

Source: AmInvest Research - 5 Dec 2019