RHB Investment Research Reports
Trading Stocks - LB Aluminium
rhbinvest
Publish date: Fri, 25 Mar 2022, 09:07 AM
rhbinvest
0 4,426
An official blog in I3investor to publish research reports provided by RHB Research team.
All materials published here are prepared by RHB Investment Bank Bhd. For latest offers on RHB Invest trading products and news, please refer to: http://www.rhbinvest.com
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All materials published here are prepared by RHB Investment Bank Bhd. For latest offers on RHB Invest trading products and news, please refer to: http://www.rhbinvest.com
RHB Investment Bank Bhd
Level 3A, Tower One, RHB Centre
Jalan Tun Razak
Kuala Lumpur
Malaysia
Tel : +(60) 3 9280 8888
Fax : +(60) 3 9200 2216
LB Aluminium is poised to jump higher after hitting the immediate resistance of MYR0.535 yesterday with a “White Marubozu” bullish candlestick. If it manages to surpass above that level, the bullish momentum may propel the stock towards the next resistance of MYR0.575, followed by the recent high of MYR0.63. Conversely, falling below the MYR0.505 support should trigger selling pressure below the 21-day average line.
Source: RHB Securities Research - 25 Mar 2022
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