Jan 8, 2010

Leong Hup - stock code 4839

Leong Hup Holdings (4839-MainBoard)


Chart wise : Highest high since 17/1/08 ……………
had on 7/1/2010 crossed over the immediate high of RM1.36 (6/1/2010) to reach the highest high of RM1.37 since 17/1/2008 before settled at RM1.36. 

Next Potential Upside Target : An upside violation of RM1.35 level again would likely see Leong Hup Holdings to trade upward with next upside target at  RM1.48 – RM1.50. 

Entry Level  : Risk taking traders may establish buying position at RM1.33.

Stop Loss Level : Once a buying position is being established, a stop loss level at  RM1.25 level  must be placed for risk capital protection purpose followed by trailing stop loss strategy.