LBS Bina Group is set to propel towards the YTD high, as it surpassed the MYR0.575 breakout level yesterday, on the back of surging trading volume.
RHB Retail Research Market Dateline said today (Dec 8) that the latest “higher high” bullish pattern above the rising 21-day SMA line suggests the uptrend movement is firming up and heading towards MYR0.62 – the YTD high – followed by the next resistance at MYR0.70, a new high.
On the other hand, falling below the MYR0.545 support will negate the bullish setup.
ITMAX System is eyeing for a technical breakout as it bounced off the 21-day SMA line, heading towards the MYR1.83 immediate resistance.
If a breakout above that level happens, the stock may climb towards MYR1.90, followed by the next resistance at MYR2.
On the other hand, falling below the MYR1.72 support would lead to a resumption of the bearish phase.
