Rakuten Trade Research Reports
Technical View - LYC Healthcare Bhd (LYC,0075)
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Publish date: Thu, 02 Jul 2020, 05:41 PM
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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 closed 1.52% or 0.5 sen lower to RM0.325 yesterday.
• Chart-wise, share price is on the verge of breaking out of its consolidation with positive signals of uptick in buying momentum. Hence, we expect it to stage bullish breakout as it is one of laggards amongst the rising healthcare related stocks and turning profitable.
• From here, resistance levels are identified at RM0.380 (R1) and RM0.445 (R2).
• On the downside, support levels are seen at RM0.280 (S1) and RM0.220 (S2).
Source: Rakuten Research - 2 Jul 2020
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