LBI is likely to continue its upward move after closing at a 5-year high yesterday. A purchase can be made above RM0.80, with a close below the 3-month low of RM0.71 as stop-loss. The price target is the psychological RM1.00, with resistance also expected at RM0.90. A failure to stay above RM0.80 may see the stock trading sideways. Strong support is at RM0.60.
Source: OSK
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