RHB Retail Research
Trading Stocks - LKL International
LKL International’s buying momentum may have returned after it rose above the 21-day SMA line. Yesterday’s white candle has engulfed the prior one to form a “Bullish Engulfing” pattern, implying a potential rebound. An upbeat bias may emerge above the MYR0.24 level, with an exit set below the MYR0.215 mark. Towards the upside, the immediate resistance is at the MYR0.285 level, followed by the MYR0.30 threshold.
Source: RHB Securities Research - 23 Apr 2020
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