L&G should continue its rebound if it closes above the psychological RM0.40 resistance level. A purchase can be made if that happens, with a close below the 2-day low of RM0.38 as stop-loss. The price target is the round figure of RM0.50, provided that the 1-year high of RM0.435 is violated convincingly. Failure to break the resistance could see a return in selling. Supports can be seen at RM0.35 and RM0.32.
Source: OSK
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