LEESK on its way to previous high

LEESK

Target: RM0.315- 0.330

LEESK 24516

Monitor LEESK on its way to its previous high of RM0.33, it is breaking 2 of its resistance, the gap resistance at RM0.315 and the psychological resistance at RM0.30. Today the RM0.30 resistance has overcame, it will then continue to challenge to fill up the gap and trade to its previous high.

With USD/MYR at 4.12, getting stronger, we believe that the odds and market confident for LEESK to break its series of resistance is high.