• Target price RM0.845
• Last closing price RM0.765
• Potential return 10.4%
• Support RM0.730
• Stop Loss RM0.700

Riding the uptrend. LEONFB’s share price kept on moving into higher territory since beginning of 2017. Both bullish RSI and MACD indicators signal reasonable entry level, with anticipation of continuous improvement in both momentum and trend in near term. Should resistance level of RM0.765 be genuinely broken, it may continue to lift price higher to the next resistance level of RM0.845.

However, failure to hold at support level of RM0.730 may indicate weakness in the share price and hence, a cut-loss signal.

Source: PublicInvest Research - 23 May 2017