RHB Investment Research Reports

Trading Stocks - LGMS

rhbinvest
Publish date: Mon, 05 Dec 2022, 09:00 AM
rhbinvest
0 3,564
An official blog in I3investor to publish research reports provided by RHB Research team.

All materials published here are prepared by RHB Investment Bank Bhd. For latest offers on RHB Invest trading products and news, please refer to: http://www.rhbinvest.com

RHB Investment Bank Bhd
Level 3A, Tower One, RHB Centre
Jalan Tun Razak
Kuala Lumpur
Malaysia

Tel : +(60) 3 9280 8888
Fax : +(60) 3 9200 2216

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.

Related Stocks
Market Buzz
Discussions
Be the first to like this. Showing 0 of 0 comments

Post a Comment