RHB Retail Research
Trading Stocks - Leong Hup International
Leong Hup International is poised for a technical rebound after testing the immediate resistance on surging volume yesterday. As the stock is building up a higher low base recently, a bullish bias may appear if it crosses the MYR0.735 immediate resistance level. The stock may climb towards the next hurdle of MYR0.765, followed by MYR0.80. This expectation would be reversed if it falls below the MYR0.70 support level.
Source: RHB Securities Research - 24 May 2021
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