RHB Retail Research: LYC Healthcare may rebound further

Source: RHB, Bloomberg

RHB Retail Research says LYC Healthcare Bhd may rebound further after it tested the MYR0.325 support in recent sessions.

In a trading note, the research house says as it has formed a positive candle for the second consecutive session, the positive sentiment has been enhanced.

“An upbeat bias may emerge above the MYR0.355 level, with an exit set below the MYR0.325 mark.

“Towards the upside, the immediate resistance is at the MYR0.405 level, followed by the MYR0.42 threshold,” it says.

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