LGMS is set to propel higher towards its historical high as it breached the immediate resistance of MYR1.31 last Thursday and pullback mildly on Friday – sustaining the “higher high” bullish pattern above the 21-day average line. If it stays above that level, the bullish bias would drive the stock further towards the historical high of MYR1.45, before possibly printing a new high of MYR1.50. Conversely, the stock may reverse direction if it falls below the MYR1.22 support, forming a “lower low” bearish structure beneath the average line.
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Created by rhbinvest | Apr 25, 2024