Lay Hong Bhd (9385) 

• LAYHONG gained 2 sen or 4.7% to close at RM0.44 yesterday.
• Chart-wise, share price has shown signs of recovery following the recent retracement and closed above key moving average yesterday signalling bottoming on the stock movement. From here, we expect buying momentum to continue for LAYHONG.
• Immediate resistance levels are found at RM0.485 (R1) and further to RM0.495 (R2)
• Likewise, support levels are expected at RM0.395 (Si) and RM0.375 (S2).

Source: Rakuten Research - 6 Mar 2019