Superlon Holdings is poised to touch the RM0.92 resistance level. With its 21-day moving average indicator pointing upwards, coupled with a higher low candlestick pattern, there is a good chance that it would experience a technical breakout and head towards the short-term target price of RM0.95, followed by RM0.98. The downside support is marked at RM0.885. Traders are advised to exit on a breach to avoid further losses.

Trading Call: Buy on breakout RM0.92

Target: RM0.95, RM0.98 (time frame: 2-4 weeks)

Exit: RM0.885

Source: AmInvest Research - 5 May 2021