Possible for sideways breakout. LFECORP is potentially staging a breakout from its sideways channel, with anticipation of continuous improvement in both momentum and trend in the near term. Should immediate resistance level of RM0.140 be broken with renewed buying interest, it may continue to lift price higher to subsequent resistance level of RM0.150.
However, failure to hold on to support level of RM0.125 may indicate weakness in the share price and hence, a cut-loss signal
Source: PublicInvest Research - 26 May 2023
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Created by PublicInvest | Sep 26, 2023