Lagenda Properties Bhd (LAGENDA, 7179)

• Share price closed 1.9% higher at RM1.63 on Thursday.

• LAGENDA has been trending higher with higher lows shown since mid of August. Yesterday, it has shown substantial buying interest during last trading hour.

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

• Resistance levels are identified at RM1.68 (R1) and RM1.80 (R2).

• On the flipside, support levels are pegged at RM1.56 (S1) and RM1.42 (S2).

Source: Rakuten Research - 29 Oct 2021