RHB Retail Research
Trading Stocks - LBS Bina Group
LBS Bina Group is staging a breakout from the sideway zone since September. A bullish bias has emerged above the resistance level of MYR0.415. With the surging trading volume, we believe the bullish momentum is gaining traction and may propel the stock towards the next resistance level at MYR0.44, followed by MYR0.465. Meanwhile, a downside breach of the MYR0.39 support will negate this expectation.
Source: RHB Securities Research - 9 Dec 2020
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