LPI Capital Berhad (LPI, 8621)

• LPI has formed a U-shaped pattern and is poised to break its immediate resistance at RM12.95. Withthe uptick in EMAs, we believe the stock is gaining buying interest and has the potential to form a cup-and-handle pattern, indicating a bullish bias in the near term.

• Thus, we expect upward trajectory to steer the stock higher and test the initial resistance at RM12.95(R1) followed by RM13.65 (R2).

• On the downside, stop-loss is set at RM12.50.

Source: Rakuten Research - 31 Jan 2025

To sign up for an account: http://bit.ly/40BNqKI

[Youtube Tutorial] Account Opening & Enable Foreign Equity: http://bit.ly/3I5Jzxo