RHB Retail Research
Trading Stocks - Lii Hen
Lii Hen rose higher to test the resistance level of MYR3.35. Observe that it is in the midst of forming a classical price pattern known as an ascending triangle. If a breakout from the resistance level is successful, the next resistance levels will be at MYR3.45 and MYR3.63. This positive expectation would remain valid, provided the MYR3.17 support does not fail.
Source: RHB Securities Research - 30 Sept 2020
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