Lii Hen Industries formed a white candle after breaking out above its previous resistance at RM0.95. The stock is currently trading notably above the 20-day EMA, signalling a positive impact. The upward turn of the EMA lines further reinforces the bullish outlook in the near term. Resistance levels may be offered at RM1.00, followed by RM1.05. Toward the downside, the stop-loss is set at RM0.895, positioned below the second support level.

Entry : RM0.95-0.955

Target : RM1.00, RM1.05

Exit : RM0.895

Source: AmInvest Research - 29 Dec 2023