LBS Bina Group Bhd (LBS, 5789)
• Share price closed 6.1% higher at RM0.52 on Monday.
• LBS has broken out above its consolidation phase yesterday with high trading volume. It is now trading above all its key moving averages.
• Backed by upticks in its indicators and bullish signal from MACD indicator, LBS is poised to move higher.
• Resistance levels are identified at RM0.535 (R1) and RM0.565 (R2).
• On the flipside, support levels are pegged at RM0.495 (S1) and RM0.480 (S2).
Source: Rakuten Research - 22 Feb 2022
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Created by rakutentrade | Aug 23, 2024