RHB Retail Research
Trading Stocks -LBS Bina
LBS Bina has been attempting to break away from its 1-month “Bull Flag” formation over the latest three sessions. A breakout will be confirmed if the stock breaks above the MYR0.425 resistance, while subsequent resistance levels are pegged at MYR0.44 and MYR0.46. A downside breach of MYR0.415 would negate this trading set-up.
Source: RHB Securities Research - 21 Jan 2021
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