Leong Hup International is poised to stretch the bullish trajectory after climbing above the resistance level on strong volume. It has breached the MYR0.68 resistance and printed a fresh “higher high” candlestick, reaffirming that the bullish technical setup is in play. Riding on this momentum, the counter is setting its sights to test the MYR0.73 resistance, followed by the MYR0.77 level. On the downside, falling below the MYR0.64 support negates the bullish setup.

Source: RHB Securities Research - 20 Sept 2024