Lii Hen Industries may soon retrace its path to test the RM2.82 level. If this happens, the RSI indicator may drop below 30%. This indicates that there is a possibility it will experience a technical rebound towards the short-term target prices of RM2.92 and RM2.95. The downside support is anticipated at RM2.72, whereby traders may exit on a breach to avoid the risk of a further correction.

Trading Call: Buy on breakout RM2.82
Target: RM2.92, RM2.95 (time frame: 3-6 weeks)
Exit: RM2.72

Source: AmInvest Research - 25 Feb 2020