Possible for sideways breakout. Staying relatively unfazed by recent market weakness,LIIHEN is potentially staging a breakout from its sideways channel, with anticipation of continued improvement in both momentum and trend in the near term. Should immediate resistance level of RM0.745 be broken with renewed buying interest, it may continue to lift price higher to subsequent resistance level of RM0.780. However, failure to hold on to support level of RM0.695 may indicate weakness in the share price and hence, a cut-loss signal.
Source: PublicInvest Research - 4 Feb 2025
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Created by PublicInvest | Feb 04, 2025