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Stock Picks Of The Day – LBS Bina, Oriental Holdings

Business Today ·  Sep 24 08:25

LBS Bina is poised to resume the upside movement after it climbed above the resistance.

RHB Retail Research (RHB) in a note today (Sept 24) said the counter has crossed above the 21-day SMA line and closed above the MYR0.66 resistance to confirm a bullish setup.

This latest breakout suggests the bullish momentum is gaining traction.

The stock should continue to travel towards the next resistance at MYR0.70, followed by the MYR0.745 level.

On the flip side, falling below the MYR0.62 support resumes the downwards movement.

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Oriental Holdings is eyeing to continue the bullish trajectory after staging a bullish breakout on high volume.

It has surged past the MYR7.05 resistance and printed a long bullish candlestick, reaffirming that the bullish momentum is in play.

Riding on this momentum, the stock should extends the upside movement towards the MYR7.50 resistance, followed by the MYR8 mark.

Conversely, falling below the MYR6.70 support kicks off the correction phase.

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