RHB Investment Research Reports

Trading Stocks - LB Aluminium

rhbinvest
Publish date: Fri, 25 Mar 2022, 09:07 AM
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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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