Lian Beng broke out from downtrend resistance a and uptrend resistance b on 6 dec with volume. It broke out from an even longer uptrend support c (green line).
However, it hit the uptrend support d (turned resistance) @ 0.780 and closed @ 0.760 on 6 dec. The next day saw Lian Beng almost hitting its historical high of 0.795, before ending the day @ 0.765.
May see somemore selling for this week as most would want to take profit ahead of the Fed meeting on 11 Dec.
Resistance would still be its historical high of 0.795.
Monday may see it opening @ about 0.770 and it may test 0.790 - 0.795 again.
Support @ 0.737 and 0.710 for monday. Should start worrying if it breaks these 2 support levels.
Good Luck !!
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