LBS Bina Group rose and touched the RM0.45 resistance level. With its RSI indicator pointing upward, coupled with a higher trading volume, there is a good chance that it would experience a technical breakout and head towards the short-term target price of RM0.465, followed by RM0.475. The downside support is marked at RM0.43. Traders are advised to exit on a breach to avoid further losses.

Trading Call: Buy on breakout RM0.45

Target: RM0.465, RM0.475 (time frame: 2-4 weeks)

Exit: RM0.43

Source: AmInvest Research - 23 Aug 2021