RHB Investment Research Reports
Trading Stocks - Lay Hong
rhbinvest
Publish date: Mon, 27 Nov 2023, 07:12 PM
rhbinvest
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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
Lay Hong is striving to propel further, as it rebounded strongly from the rising 21-day SMA line and tested the MYR0.345 resistance level, ie the YTD high. If it breaches this point, it should climb further towards the resistance of MYR0.375, followed by MYR0.40. A fall below the MYR0.315 support would negate the bullish setup.
Source: RHB Securities Research - 27 Nov 2023
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