Leon Fuat resuming uptrend, says RHB Retail Research

TheEdge Fri, Jun 04, 2021 07:20am - 2 years View Original


KUALA LUMPUR (June 4): RHB Retail Research said Leon Fuat Bhd is resuming its uptrend after crossing above the immediate resistance on high volume yesterday.

In a trading stocks note today, the researcjh house said that supported by “higher low and higher high” formation, the stock has bounced off 21-day SMA line while breaking above RM1.11 resistance turned- support level.

“The bullish momentum may lift it towards RM1.20 and RM1.25 resistance levels.

“Meanwhile, breaching below the 97.5 sen support level may cancel this expectation,” it said.

 

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