Lafarge Malaysia has received strong buying interest today as it closed with a bullish white candle pattern. The positive momentum may continue upon a breach above the RM2.55 level with target price of RM2.76, followed by RM2.96. Meanwhile, it may continue moving sideways if it fails to cross the RM2.55 level. In this case, support is anticipated at RM2.35 whereby traders may exit on a breach to avoid the risk of a further correction.

Trading Call: Buy on further positive momentum above RM2.55

Target: RM2.76, RM2.96 (time frame: 3-6 weeks)

Exit: RM2.35

Source: AmInvest Research - 28 Mar 2019