RHB Retail Research
Trading Stocks - Lagenda Properties
Lagenda Properties is resuming its uptrend, as it moved past the sideways consolidation level of MYR1.61 on higher volume. If it remains above this level, bullish momentum may propel the stock towards the recent high of MYR1.69, followed by the MYR1.80 resistance level, or its 52-week high. However, a fall below the MYR1.56 support – forming a “lower low” structure – may reverse the momentum.
Source: RHB Securities Research - 21 Oct 2021
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