Lagenda Properties is set to continue on its uptrend, after it broke away the consolidation phase of MYR1.56, while printing a White Marubozu candlestick. If it stays above that level, the bulls should drive the stock towards the next resistance of MYR1.68, before possibly hitting the MYR1.77 resistance – its 52-week high. That said, this expectation will be cancelled if it falls below the support of MYR1.50 – below the 21-day average line.

Source: RHB Securities Research - 12 Oct 2021