Rakuten Trade Research Reports
Technical View - LYC Heathcare Bhd (LYC, 0075)
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Publish date: Tue, 07 Apr 2020, 09:36 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
LYC Healthcare Bhd (0075)
• LYC rose 14.6% or 3.5 sen to RM0.275 yesterday.
• Share price staged a strong rebound breaking above key moving averages recently. The positive momentum was supported by higher than average trading volume. Should buying momentum persists, we expect it to take out its RM0.30 resistance level and turn bullish.
• From here, resistance levels are seen at RM0.30 (R1) and further to RM0.34 (R2)
• Conversely, support levels are identified at RM0.25 (S1) and RM0.20 (S2).
Source: Rakuten Research - 7 Apr 2020
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