Since the listing of Leong Hup International (LHI), its share price has moved in tandem with its  28.43%-owned (effective interest) Malaysian-listed Teo Seng Capital. Nevertheless, there is a price divergence between the two entities since early July, whereby Teo Seng’s share price continues to rise and LHI continues to trade lower.

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Using 30-min chart, we also saw there is a MACD divergence between the share price of LHI vs its MACD trend.

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Could there be imminent rebound in LHI’s share price?

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