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LB Aluminium is poised to extend its upside movement after breaching the resistance on strong price action. The stock closed above the MYR0.53 resistance with a bullish candlestick, confirming a resurgence of bullish momentum, while a bullish technical setup is in play. If the positive momentum persists, the counter may climb towards the next resistance at MYR0.56, followed by the one at MYR0.59. However, failure to hold above the MYR0.50 support could signal a loss of momentum and kickstart a correction.
