RHB Retail Research

Trading Stocks - LYC Healthcare

rhboskres
Publish date: Tue, 23 Apr 2019, 09:05 AM
rhboskres
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RHB Retail Research

LYC Healthcare’s upside move may continue after it recently rose above the 21-day SMA line. The upward momentum is likely to continue, given it has breached above the downtrend line drawn in the chart. A bullish bias may appear above the MYR0.35 level, with an exit set below the MYR0.325 threshold. Towards the upside, the near-term resistance is at MYR0.40. This is followed by the MYR0.42 level.

Source: RHB Securities Research - 23 Apr 2019

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