Sunday 05 May 2024
By
main news image

KUALA LUMPUR (Aug 26): RHB Retail Research said LGMS Bhd is looking to climb higher after staging a bullish breakout.

In a trading stocks note on Friday (Aug 26), the research house said that the stock managed to break past the RM1.11 immediate resistance level to close at a record high level.

“Amid bullish momentum, the stock should continue charting 'higher high' patterns, heading towards RM1.18, followed by RM1.25.

“On the downside, a breach below the RM1 support level would nullify our expectations,” it said.

      Print
      Text Size
      Share