Lii Hen Industries inched higher to test the RM2.31 resistance level. With the RSI indicator above the 50% threshold, the momentum may continue towards the shortterm target prices of RM2.42 and RM2.52. If it dips below RM2.31, expect further sideway consolidation. The downside support is anticipated at RM2.22, whereby traders may exit on a breach to avoid the risk of a further correction

Trading Call: Buy on breakout RM2.31

Target: RM2.42, RM2.52 (time frame: 2-4 weeks)

Exit: RM2.22

Source: AmInvest Research - 5 Jun 2020