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.
