Rakuten Trade Research Reports
Technical View - Leong Hup International Bhd (LHI, 6633)
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Publish date: Tue, 10 Dec 2019, 10:46 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
Leong Hup International Bhd (6633)
• LHI rose 6 sen or 7.2% to RM0.895 yesterday.
• Share price finished with a long white candle yesterday, suggesting bottoming signs with renewed buying interests. As such, should the buying momentum persists, we expect share price to trend higher.
• From here, immediate resistance levels are seen at RM0.90 (R1) and RM0.94 (R2).
• Conversely, support levels can be identified at RM0.83 (S1) and RM0.80 (S2).
Source: Rakuten Research - 10 Dec 2019
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