RHB Retail Research
Trading Stocks - Leon Fuat
Leon Fuat is resuming its uptrend after crossing above the immediate resistance on high volume yesterday. Supported by “higher low and higher high” formation, the stock has bounced off 21-day SMA line while breaking above MYR1.11 resistance turned-support level. The bullish momentum may lift it towards MYR1.20 and MYR1.25 resistance levels. Meanwhile, breaching below the MYR0.975 support level may cancel this expectation.
Source: RHB Securities Research - 4 Jun 2021
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