Lagenda Properties set to extend uptrend, says RHB Retail Research

TheEdge Thu, Sep 02, 2021 07:20am - 2 years View Original


KUALA LUMPUR (Sept 2): RHB Retail Research said Lagenda Properties Bhd is set to extend its uptrend after breaching the immediate resistance of RM1.48 on high trading volume – forming a white candlestick with a “higher high” bullish pattern.

In a trading stocks note today, the research house said if the stock manages to stay above that level, the bullish momentum may propel the stock towards the immediate resistance of RM1.64, followed by RM1.69.

“However, if it falls below the RM1.40 support level – forming a lower low – this expectation will be cancelled,” it said.

 

The content is a snapshot from Publisher. Refer to the original content for accurate info. Contact us for any changes.






Related Stocks

LAGENDA 1.530

Comments

Login to comment.