Lii Hen has been sitting on its neckline since early June and finally it managed to pull away in the last two trading sessions.
It has formed a very big inverted head and shoulders reversal pattern (2005-2013). From its 2009's bottom, it has completed its major wave 1-2, wave (i)-(ii) and sub-wave i-ii.
After moving up for 4 days from 1.61 to 1.88, it may need to take a two to three days breather before continuing with its sub-wave iii.
Lii Hen's first quarter (January-March 2013) earning is very impressive with 10.43 sens per share. Its net assets per share is Rm2.34. Its second quarter (April-June) earning will be announced before end of August.
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