L&G may rally further if it can break above the one-year resistance of RM0.435. A position can be initiated if it closes above the level with a close below yesterday’s low of RM0.415 as a stop-loss. An aggressive trade may enter now on anticipation of a breakout. Price targets are RM0.46 and the psychological RM0.50. Failure to break higher could see the stock lower and supports are at RM0.385 and RM0.36.
Source: OSK
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