Possible for trend reversal. LHI is potentially staging a breakaway from its downtrend, with expectations of continued improvement in momentum and trend in the near term. Should immediate resistance level of RM0.620 be broken with renewed buying interest, it may continue to lift price higher to subsequent resistance level of RM0.660. However, failure to hold on to support level of RM0.580 may indicate weakness in the share price and hence, a cut-loss signal.
Source: PublicInvest Research - 21 Jan 2025
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Created by PublicInvest | Jan 20, 2025