RHB Retail Research
Trading Stocks - LYC Healthcare
LYC Healthcare formed a long white candle, indicating that the momentum of buying could be strong. The upward momentum would likely continue, given that it has breached above the downtrend line drawn in the chart. A bullish bias may appear above the MYR0.315 level, with an exit set below the MYR0.285 threshold. Towards the upside, the near-term resistance is at MYR0.365. This is followed by the MYR0.40 level.
Source: RHB Securities Research - 1 Aug 2019
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