LBALUM (9326) - Trading Buy - Technical Buy: LBALUM (9326)
Target price RM0.750
Last closing price RM0.670
Potential return 11.9%
Support RM0.630
Stop loss RM0.600
Possible for uptrend continuation. LBALUM’s share price consistently moved into higher lows and higher highs since January 2016, giving rise to formation of an uptrend. As the ongoing uptrend still coincides with both bullish RSI and MACD indicators, the share price is poised for further upside in near term. Should resistance level of RM0.670 be genuinely broken, it may continue to lift price higher to the next resistance level of RM0.750.
However, failure to hold at support level of RM0.630 may indicate weakness in the share price and hence, a cut-loss signal.
Source: PublicInvest Research - 13 Mar 2017
LBALUM (9326) - Trading Buy - Technical Buy: LBALUM (9326)
http://klse.i3investor.com/blogs/PublicInvest/118125.jsp
