The stock has failed to surpass the resistance at RM2.95 over recent days, forming a double-top formation that points towards a potential downtrend. Leong Hup International Bhd saw a spurt of upside momentum in December 2025 that took it to its highest level in 14 months. However, they remain healthy as the slow-stochastic is sitting at 80 points and the RSI at 75 points. Technical momentum has since plunged into oversold levels. While momentum remains weak, the slow-stochastic is creeping back up over the oversold line, signalling the start of a neutralisation phase.

Source: The Star January 01, 2026 17:40 UTC