RHB Retail Research
Trading Stocks - Lii Hen Industries
Lii Hen Industries may climb higher after posting a long white candle and leaving an upside gap. In view that the 21-day SMA line is likely to begin turning upwards, this also implies a positive outlook. A bullish bias may emerge above the MYR2.78 level, with an exit set below the MYR2.66 threshold. Towards the upside, the immediate resistance is at MYR2.92. This is followed by the MYR3.00 level.
Source: RHB Securities Research - 27 May 2019
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