RHB Retail Research
Trading Stocks - Leong Hup International
Leong Hup International is attempting to break away from its multi-sessions’ sideways trading range, which is capped by the MYR0.705 resistance. A breakout from this level would likely see the stock extending its rebound, with the subsequent resistance points eyed at MYR0.735 and MYR0.785. A downside breach of MYR0.69 would nullify this positive expectation.
Source: RHB Securities Research - 16 Nov 2020
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