Rakuten Trade Research Reports

Technical View - Leong Hup International Bhd LHI (6633)

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Publish date: Fri, 30 Aug 2019, 09:56 AM
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Leong Hup International Bhd (6633)

  • LHI rose 5.6% or 4 sen to RM0.76 yesterday.
  • Yesterday's close formed a positive long white candle signalling potential breakout from its downtrend channel since its IPO listing falling 31%. With the more positive outlook guidance, and improved signals from key momentum indicators, we expect share price to rebound further.
  • From here, resistance levels are expected at RM0.80 (R1) and RM0.90 (R2).
  • Meanwhile, support level is at its all-time-low of RM0.76 (S1).

Source: Rakuten Research - 30 Aug 2019

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thomasfrank

Thanks for your information.
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2022-09-20 16:33

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