AmInvest Research Reports
Stocks on Radar - LGMS
AmInvest
Publish date: Mon, 08 Aug 2022, 09:12 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)
LGMS may trend higher after it closed above the RM0.915 resistance (June’s high) with a white candle on Friday. In view that
the 20-day EMA line is starting to turn upwards, the uptrend may continue in the near term. A bullish bias may emerge above the
RM0.915 level, with a stop-loss set at RM0.84, below 2 Aug’s low. Towards the upside, the near-term resistance level is seen at
RM1.00, followed by RM1.05.
Entry : RM0.915–0.96
Target : RM1.00, RM1.05
Exit : RM0.84
Source: AmInvest Research - 8 Aug 2022
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