RHB Retail Research
Trading Stocks - LB Aluminium
LB Aluminium may resume its upward movement after it broke above the immediate resistance on strong volume yesterday. A positive bias emerged above the resistance-turned-support of MYR1.20. If this trend is sustained, the stock may test the next resistance level of MYR1.30, followed by MYR1.39. Meanwhile, falling below the MYR1.14 support level would negate this expectation.
Source: RHB Securities Research - 5 May 2021
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