Stock Analysis – LEESK (8079) – RM0.950:

LEESK’s stock price has been on pullback consolidation from previous high at RM1.11 down to as low as RM0.890 in 1 month where it was supported around EMA50 line. Thereafter, the stock price moved sideway for 3 weeks and today the stock price rebound to close high at RM0.915 with increasing volume and stay above Bollinger Band Middle Band.

The short term EMA lines are preparing to turn around above medium term EMA lines which have been staying in ordered. The stock price is riding above all EMA lines where they are supported above rising SMA200 line. This indicates that the stock price is preparing to resume uptrend along with its markup phase;

If the stock price could breakout and stay above RM0.950 for higher high with trending momentum and increasing volume, then let’s monitor for the next possible short-term targets around RM1.00, 1.05, 1.10, 1.15, 1.20, 1.25, 1.30, 1.35, 1.40, and 1,45.

Long term investors may prospect for possible long-term targets to challenge around RM1.50, 1.55, 1.60, 1.65, 1.70, 1.75, 1,80, 1.85, 1.90, and 2.00;

Should the new higher high beyond RM0.950 be successful, trailing stop with EMA20 or EMA30 line, or if the stock price were to pullback unexpectedly, put the short-term stop loss below RM0.900 or worst case below RM0.890;

The secondary indicators like MACD, DMI and RSI are at good junctures that may biased to lead the stock price for further rebound and are preparing to resume uptrend along with its markup phase;
“XChart’s Trade Signal” has been triggering 10 real times today as shown above indicating the stock on “CB05: Uptrend Pullback Rebound”;

“XChart Stock Analyser” as shown above is fundamentally PFS9=8 indicates FA is very good, and technically TAS20>60% indicates that the stock price may biased for further rebound and prepares to resume uptrend along with its markup phase;

Fundamental:
LEE SWEE KIAT GROUP BHD (LEESK, 8079) is listed under MAIN market’s Consumer Products & Services Sector.

Principal Products / Services:
Mattresses, bedding accessories, laminated foam, polyurethane foam, natural latex foam and other related products.
Financial ratios:

TTM Q4-Dec-2023: DY%=3.68%, PER=11.23, ROE=17.86%, NGR=NetCash, DER-ST=0.06, TLER=0.54;