AmInvest Research Reports
Stock on Radar - LII Hen Industries
AmInvest
Publish date: Fri, 29 Dec 2023, 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 formed a white candle after breaking out above its previous resistance at RM0.95. The stock is currently trading notably above the 20-day EMA, signalling a positive impact. The upward turn of the EMA lines further reinforces the bullish outlook in the near term. Resistance levels may be offered at RM1.00, followed by RM1.05. Toward the downside, the stop-loss is set at RM0.895, positioned below the second support level.
Entry : RM0.95-0.955
Target : RM1.00, RM1.05
Exit : RM0.895
Source: AmInvest Research - 29 Dec 2023
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