LBS Bina Group is set for an uptrend reversal as it broke above the immediate resistance of MYR0.50 on strong volume yesterday – printing a long white candlestick amid a “higher high” bullish pattern. If the bullish momentum persists above that level, the stock may climb towards the next resistance level of MYR0.56, followed by MYR0.59. However, the momentum may lose steam if it falls below the MYR0.48 support – beneath the 21-day average line.

Source: RHB Securities Research - 22 Feb 2022