Share
- The research house said the latest “higher high” bullish pattern above the rising 21-day simple moving average line suggests the uptrend movement is firming up and heading towards 62 sen, the YTD high, followed by the next resistance at 70 sen, a new high.
KUALA LUMPUR (Dec 8): RHB Retail Research said LBS Bina Group Bhd is set to propel towards the year-to-date (YTD) high, as it surpassed the 57.5 sen breakout level on Thursday, on the back of surging trading volume.
In a trading stocks note on Friday, the research house said the latest “higher high” bullish pattern above the rising 21-day simple moving average line suggests the uptrend movement is firming up and heading towards 62 sen, the YTD high, followed by the next resistance at 70 sen, a new high.
“On the other hand, falling below the 54.5 sen support will negate the bullish setup,” it said.
Looking to buy a home? Sign up for EdgeProp START and get exclusive rewards and vouchers for ANY home purchase in Malaysia (primary or subsale)!
TOP PICKS BY EDGEPROP
HIJAYU 2 - RESORT HOMES
Seremban, Negeri Sembilan
ARA SENDAYAN @ BANDAR SRI SENDAYAN
Seremban, Negeri Sembilan
HIJAYU 2 - RESORT HOMES
Seremban, Negeri Sembilan
Azalea @Resort Residence 2
Seremban, Negeri Sembilan
Pearl Villa Townhouse
Bandar Saujana Putra, Selangor
Bukit Jalil, 2.5 Storey house (end lot), Taman Jalil Sutera, Kuala Lumpur
Bukit Jalil, Kuala Lumpur
Taman Tun Dr Ismail (TTDI)
Taman Tun Dr Ismail, Kuala Lumpur
Happy Garden (Taman Gembira)
Kuchai Lama, Kuala Lumpur
