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LYC gained 11.7% or 3.5 sen to close at RM0.335 yesterday.
Yesterday’s move sent the stock price to close above 50-day simple moving average line, forming a long white candle on the back of higher trading volume. Yesterday’s bullish breakout signals a trend reversal of consolidation, thus we may see further price recovery from here.
As such, resistance levels are expected at RM0.350 (R1) and further to RM0.380 (R2).
On the contrary, support levels are found at RM0.285 (S1) and RM0.275 (S2).
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....