Yesterday, LIIHEN gained 9.0sen (+3.28%) on relatively strong trading volume yesterday. A breakout is seen at RM2.76 (R1) level which is a strong resistance of which its share price has failed to penetrate twice in the past 4 months, signalling bullish trend ahead. This is further reinforced by positive crossover of MACD over the Signal line and buying momentum looks robust with Stochastic and RSI indicators hooking upwards. Follow through buying interest could take its share price to test RM3.00 (R1) and possibly RM3.17 (R2) next.

 

 

Source: Kenanga