AmInvest Research Reports
Stocks on Radar- Lii Hen Industries (7089)
AmInvest
Publish date: Fri, 05 Jun 2020, 08:59 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)
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
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