RHB Investment Research Reports

Trading Stocks - LGMS

rhbinvest
Publish date: Mon, 15 Apr 2024, 11:10 AM
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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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