RHB Retail Research
Trading Stocks - Leong Hup International
Leong Hup International crossed above the immediate resistance level at MYR0.70. With this renewed buying interest, the correction phase that started two months ago should have ended. We expect the bullish momentum to lift it higher towards the next resistance level of MYR0.75, followed by MYR0.79. This positive expectation should remain valid, provided the MYR0.66 support is not breached.
Source: RHB Securities Research - 10 Feb 2021
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