$LBALUM / 9326 (LB ALUMINIUM BERHAD)

Had been retracing over the past week since breaking out towards the RM 0.60+ levels.

Quite well supported around the RM 0.55 region with BOD signals being formed on the hourly chart.

Could be forming a short term symmetrical triangle consolidation pattern here before deciding its next direction.

A breakout from its RM 0.585 - RM 0.60 resistance would be a good bullish continuation pattern.

If unable to hold above its RM 0.55 - RM 0.56 support, could retrace back towards the RM 0.53+ support zones.

Support: RM 0.56, RM 0.55, RM 0.53 areas
Resistance: RM 0.585, RM 0.60, RM 0.615 areas