RHB Retail Research
Trading Stocks - Lagenda Properties
Lagenda Properties was showing early signs of a bullish momentum after crossing above the 21-day SMA line. The bulls are eyeing the resistance marked at MYR1.59. If the breakout happens, buying interest may follow through to lift the stock towards the next resistance of MYR1.68, followed by the multimonth high of MYR1.77. A downside breach of MYR1.46 would negate this trading set-up.
Source: RHB Securities Research - 25 Mar 2021
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