Leader Steel Holdings Bhd (LSTEEL, 9881)

• Share price closed 2.2% higher at RM0.70 yesterday.

• LSTEEL has found its lowest point at RM0.615 since 10 Sept to form a rounding bottom.

• Its share price closed above all key moving averages. Backed by upticks in its indicators, the share price is poised to move higher.

• Resistance levels are identified at RM0.730 (R1) and RM0.775 (R2).

• On the flipside, support levels are pegged at RM0.660 (S1) and RM0.620 (S2).

Source: Rakuten Research - 15 Oct 2021