LBS Bina Group Bhd

• Buying interest in LBS has returned after it broke out from a 3-week rectangular pattern yesterday. Coupled with the 20-day EMA remaining above the 50-day EMA since the bullish crossover in mid-November and the stock pulling further away from all the EMAs, the uptrend may continue in the near term.

• A bullish bias may emerge above the RM0.575 level and should lift it towards the subsequent level of RM0.61 (R1) followed by RM0.65 (R2) in the near term.

• On the downside, stop-loss is set at RM0.53, below the 50 days EMA.

Source: Rakuten Research - 8 Dec 2023

To sign up for an account : http://bit.ly/40BNqKI

[Youtube Tutorial] Account Opening & Enable Foreign Equity:http://bit.ly/3I5Jzxo