Kenanga Research & Investment
Highlights / Stock Picks of the Day - Lii Hen Industries Berhad – Not Rated
At the closing bell, LIIHEN’s share price rose 18 sen or 7.59% to settle at RM2.55. The underlying trend is bullish, backed by the recent crossover of the 50-day SMA over the 20-day SMA level. MACD indicator is also on a bullish divergence, backing the bullish outlook ahead. Key momentum indicator like Stochastic has also hooked upwards sharply from oversold region, implying a possible reversal from its recent downtrend. Buying momentum is also building up as shown by the emergence of RSI indicator from its oversold level. Thus, we view that the share price could be poised to retest its previous high of RM2.76 (R2), with a stop-loss level set 3 bids below its immediate support level of RM2.51 (S1) at RM2.48.
Source: Kenanga
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
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Investors loath this stock for its corporate governance
2014-10-01 23:31