RHB Retail Research
Trading Stocks - LYC Healthcare
LYC Healthcare has breached the immediate resistance level of MYR0.325 on higher trading volume. If it manages to stay above the 21-day SMA line, the positive momentum will propel the stock towards the recent high of MYR0.37, before moving further to test the MYR0.45 resistance. Otherwise, falling below the 21-day SMA line or MYR0.31 support may see it move to a lower level.
Source: RHB Securities Research - 18 Aug 2021
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