• Technical BUY on breakout with +41.3% potential return
• Last price: RM0.82
• Target price: RM1.08, RM1.18
• Support: RM0.67
• Stop-loss: RM0.665

BUY on breakout with a target price of RM1.09 and stop-loss at RM0.795. We expect a positive follow-through to validate a new up-leg if LLB penetrates above the breakout level of RM0.835. The rising momentum as shown by a bullish crossover in the 7- and 21-day EMAs along with an uptick in both the +DI and ADX lines suggest upward continuation from here. We peg our targets at RM1.08 and RM1.18 in the near to medium term.

Expected Timeframe: 2 weeks to 2 months

Source: UOB Kay Hian Research - 25 Jul 2018