RHB Retail Research
Technical Analysis - Lee Swee Kiat Group
Lee Swee Kiat Group may move higher after it tested MYR0.90 support in latest session. Yesterday’s white candle has engulfed the prior one to form a “Bullish Engulfing” pattern, implying a potential rebound. A bullish bias may appear above the MYR0.95 level, with an exit set below the MYR0.90 threshold. Towards the upside, the near-term resistance is at MYR1.02. This is followed by the MYR1.07 level.
Source: RHB Securities Research - 11 Oct 2018
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