Lii Hen Industries is set for a strong uptrend after breaching the MYR0.95 immediate resistance yesterday – on the back of higher trading volume. If the breakout sustains, the stock will likely advance towards the MYR1 mark, followed by the next resistance at MYR1.07, or the highest since 30 Mar 2021. Conversely, a drop below the MYR0.92 support would invalidate the bullish setup, falling below the 21-day SMA line.
Source: RHB Securities Research - 29 Dec 2023
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Created by rhbinvest | Aug 23, 2024