Lay Hong may rebound higher after it continued holding above the MYR0.40 support. Yesterday’s candle sent the stock to its 2-week high, thereby enhancing the bullish sentiment. A bullish bias may appear above the MYR0.44 level, with an exit set below the MYR0.40 threshold. Towards the upside, the near-term resistance is at MYR0.50. This is followed by the MYR0.575 level.
Source: RHB Securities Research - 15 Mar 2019
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Created by rhboskres | Aug 26, 2024