At the time of writing, Leong Hup International’s buying momentum may have returned after it recently rose above the 21-day SMA line. This can be viewed as a continuation of the bulls extending the buying momentum from 20 Apr’s upside gap. An upbeat bias may emerge above the MYR0.615 level, with an exit set below the MYR0.59 mark. Towards the upside, the immediate resistance is at the MYR0.705 level, followed by the MYR0.785 threshold.

Source: RHB Securities Research - 21 Apr 2020