RHB Retail Research
Trading Stocks - Hong Leong Financial Group
Hong Leong Financial Group was testing the MYR12.34 level in recent sessions. If the price breaks out, a bullish bias may be present above this point, with a target price of MYR14.00, followed by MYR15.00. The stock may consolidate further if it cannot decisively breach above the MYR12.34 mark in the near term. Support may be found at MYR9.75, where traders can exit upon a breach to minimise the downside risk.
Source: RHB Securities Research - 19 Mar 2020
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