RHB Retail Research
Technical Analysis - Lii Hen Industries
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Lii Hen Industries formed a long white candle, indicating that the momentum of buying could be strong. In view that the 21- day SMA line will likely begin turning upwards, this is an indication of a positive sign. A bullish bias may appear above the MYR2.90 level, with an exit set below the MYR2.68 threshold. Towards the upside, the near-term resistance is at MYR3.30. This is followed by the MYR3.62 level.
Source: RHB Securities Research - 10 Aug 2018
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