RHB Retail Research
Technical Analysis - Lay Hong
Lay Hong’s buying momentum may have returned after it recently rose above the 21-day SMA line. This upward momentum is likely to continue, given that it has posted a second consecutive white candle. A bullish bias may appear above the MYR0.665 level, with an exit set below the MYR0.615 threshold. Towards the upside, the near-term resistance is at MYR0.76. This is followed by the MYR0.81 level.
Source: RHB Securities Research - 25 Sept 2018
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