Possible for trend reversal. Remaining resilient amid market weakness, LEONFB is potentially rebounding off its immediate support level following prolonged downtrend, with anticipation of continuous improvement in both momentum and trend in the near term. Should immediate resistance level of RM0.545 be broken with renewed buying interest, it may continue to lift price higher to subsequent resistance level of RM0.575.
However, failure to hold on to support level of RM0.500 may indicate weakness in the share price and hence, a cut-loss signal.
Source: PublicInvest Research - 8 Sept 2022
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Created by PublicInvest | Sep 20, 2024