Longcheer Holdings

Longcheer Holdings: CIMB has technical Buy call, note that share price has been consolidating in a minor consolidation triangle in the past mth, and prices above the 50-day SMA should keep the medium term uptrend intact. Highlights that RSI and MACD are now at its neutral levels and prices should be ready for the next move. Resistance tipped at $0.835 and $0.88-0.90 with stop loss at $0.76 (50-day SMA)