RHB Retail Research
Technical Analysis - Lii Hen Industries
Lii Hen Industries may rise higher after forming a white candle and hitting its highest close in more than eight months. This can be viewed as a continuation of the bulls extending the upward momentum from 15 Nov’s upside gap. A bullish bias may emerge above the MYR3.20 level, with an exit set below the MYR2.90 level. Towards the upside, the immediate resistance is at MYR3.50. This is followed by the MYR3.70 level.
Source: RHB Securities Research - 22 Nov 2018
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