Lagenda Properties is set to extend its uptrend after breaching the immediate resistance of MYR1.48 on high trading volume – forming a white candlestick with a “higher high” bullish pattern. If it manages to stay above that level, the bullish momentum may propel the stock towards the immediate resistance of MYR1.64, followed by MYR1.69. However, if it falls below the MYR1.40 support level – forming a lower low – this expectation will be cancelled.

Source: RHB Securities Research - 1 Sept 2021