Lii Hen Industry has been attempting to crack the MYR3.16 resistance over the latest two sessions. A breakaway from this level may indicate the resumption of its upward move. Its 30- day SMA line, which continues to edge higher, also points to a positive bias. Resistance levels are expected at MYR3.30, followed by MYR3.50. A stop-loss can be placed below MYR3.02.
Source: RHB Securities Research - 1 Oct 2019
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Created by rhboskres | Aug 26, 2024