RHB Retail Research
Trading Stocks - Leong Hup International
Leong Hup International may climb higher after hitting its highest point in nearly two months. With the view that the 21- day SMA line is likely to begin turning upwards, this implies a positive outlook sentiment. A positive bias may emerge above the MYR0.84 level, with an exit set below the MYR0.785 threshold. Towards the upside, the immediate resistance is at the MYR0.90 level. This is followed by the MYR0.955 level.
Source: RHB Securities Research - 2 Oct 2019
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