RHB Investment Research Reports
Trading Stocks - Lii Hen Industries
rhbinvest
Publish date: Fri, 29 Dec 2023, 12:25 PM
rhbinvest
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An official blog in I3investor to publish research reports provided by RHB Research team.
All materials published here are prepared by RHB Investment Bank Bhd. For latest offers on RHB Invest trading products and news, please refer to: http://www.rhbinvest.com
RHB Investment Bank Bhd
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All materials published here are prepared by RHB Investment Bank Bhd. For latest offers on RHB Invest trading products and news, please refer to: http://www.rhbinvest.com
RHB Investment Bank Bhd
Level 3A, Tower One, RHB Centre
Jalan Tun Razak
Kuala Lumpur
Malaysia
Tel : +(60) 3 9280 8888
Fax : +(60) 3 9200 2216
Lii Hen Industries is set for a strong uptrend after breaching the MYR0.95 immediate resistance yesterday – on the back of higher trading volume. If the breakout sustains, the stock will likely advance towards the MYR1 mark, followed by the next resistance at MYR1.07, or the highest since 30 Mar 2021. Conversely, a drop below the MYR0.92 support would invalidate the bullish setup, falling below the 21-day SMA line.
Source: RHB Securities Research - 29 Dec 2023
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