Possible for sideways breakout. L&G is potentially staging a breakout from itssideways channel, with anticipation of continuous improvement in bothmomentum and trend in the near term. Should immediate resistance level ofRM0.135 be genuinely broken with renewed buying interest, it may continue tolift price higher to subsequent resistance level of RM0.145.
However, failure to hold on to support level of RM0.120 may indicate weakness in the share price and hence, a cut-loss signal.
Source: PublicInvest Research - 29 Dec 2023
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Created by PublicInvest | Nov 05, 2024