LBS has just broken above its recent high of RM1.32. The target for this developing move could be RM1.50-1.53. Based on technical consideration, LBS could be a good trading BUY. This breakout would be nullified if it drops back below the breakout level of RM1.32.
Chart: Gtronic's daily chart as at Jul 4, 2013_9.20am (Source: Quickcharts)
Note:
In addition to the disclaimer in the preamble to my blog, I hereby confirm that I do not have any relevant interest in, or any interest in the acquisition or disposal of, LBS.
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