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Lay Hong may rebound higher, says RHB Retail Research

TheEdge Fri, Mar 15, 2019 - 2 months ago

KUALA LUMPUR (March 15): RHB Retail Research said Lay Hong Bhd may rebound higher after it continued holding above the 40 sen support.

In a trading stocks note today, the research house said

Yesterday’s candle sent the stock to its 2-week high, thereby enhancing the bullish sentiment.

"A bullish bias may appear above the 44 sen level, with an exit set below the 40 sen threshold.

"Towards the upside, the near-term resistance is at 50 sen. This is followed by the 57.5 sen level," it said.

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