Aug 7, 2012

Technical Buy - Land & General

Chart wise: Land & General Bhd (stock code 3174) Properties – RM0.505.

Tracking an up-trend, Land & General (L&G) share price had bucked the general market volatility to maintain its northbound journey. The company is engaged in investment hol ding and leasing of assets.

below: L&G daily chart (click to enlarge)


We expect the uptrend channel to continue as its technical indicators are not showing any signs of stress yet. The previous high at RM0.51 will be the next resistance, while the support is at RM0.435. Backed by a promising outlook, L&G is expected to continue rising. Buy.

by Mercury Securities