LBS hit RM0.67 before closing at RM0.64 on last Friday. The share price
of LBS accelerated in Dec 2009 after breaking out from the key level of
RM0.52, and hit a high of RM0.85 in Feb 2010. However, the stock gave up all
its gain by May 2010 and trended sideways near RM0.52 for the past months.
In mid Oct, the stock removed the RM0.52 level and rallied to a high of RM0.67
before closing at RM0.64 on last Friday, on the dot of a resistance level. It
recorded a positive candle to shrug off the previous day’s bearish candle. This
displays an optimistic sign on the share price chart.
LBS Bina Group Berhad : Removing The Recent High Will Spell More Rallies Ahead… -25/10/2010
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