RHB Investment Research Reports
Trading Stocks - LGMS
rhbinvest
Publish date: Mon, 15 Apr 2024, 11:10 AM
rhbinvest
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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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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 has confirmed a bullish setup after breaking past a key resistance on strong volume. The counter has climbed above the MYR1.05 resistance, signalling that the consolidation phase is over. Riding on this strong bullish momentum, expect a followthrough price action to test the next resistance at MYR1.18, followed by MYR1.27. On the other hand, breaching below the MYR0.98 support will resume the correction phase.
Source: RHB Securities Research - 15 Apr 2024
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