RHB Investment Research Reports
Trading Stocks - Leong Hup International
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Publish date: Tue, 07 Mar 2023, 09:28 AM
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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
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Kuala Lumpur
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Tel : +(60) 3 9280 8888
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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
Leong Hup International saw a bullish bias emerge after breaking past the MYR0.51 resistance level with strong volume. The latest breakout printed a “higher high” with a “higher low” bullish candlestick. The momentum should propel the stock towards the next resistance mark – pegged at MYR0.54 – and followed by MYR0.56. On the downside, falling below the MYR0.485 support level would resume the correction.
Source: RHB Securities Research - 7 Mar 2023
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