Rakuten Trade Research Reports
Technical View - Lay Hong Bhd (LAYHONG, 9385)
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Publish date: Wed, 06 Mar 2019, 09:38 AM
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All materials published here are prepared by Rakuten Trade. For latest offers on Rakuten Trade products and news, please refer to: https://www.rakutentrade.my/
To sign up for an account: http://bit.ly/40BNqKI
Rakuten Trade
Hotline: +603 2110 7110 (Account Opening, General enquiry)
Email: customerservice@rakutentrade.my
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
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