Lii Hen Industries is moving sideways and touching the RM4.18 resistance level. With its RSI indicator pointing upwards, coupled with a bullish candle stick pattern, there is a good chance it will break out and head towards the short-term target price of RM4.45, followed by RM4.60. The downside support is marked at RM3.92. Traders are advised to exit on a breach to avoid further losses.

Trading Call: Buy on breakout RM4.18

Target: RM4.45, RM4.60 (time frame: 2-4 weeks)

Exit: RM3.92

Source: AmInvest Research - 9 Dec 2020