Feb 16, 2016

LIIHEN May Rebound Further

LIIHEN Stock Code 7089

Lii Hen Industries may rebound further after breaching the MYR2.40 level in its latest session, albeit marginally. Traders may buy as a bullish bias could be present above this level, with a target price of MYR2.60, followed by MYR2.78. The stock may drift sideways if it cannot sustain above the MYR2.40 mark. In this case, support is anticipated at MYR2.22, where traders can exit upon a breach to avoid the risk of a further correction.

liihen share analysis

source; RHB Research - 16/2/2016 

The Company provides a broad range of wood-based activities.