Superlon Holdings jumped and is poised to test the RM0.91 resistance level. With its RSI indicator in an uptrend, coupled with a higher trading volume, we see a possibility for a technical breakout. If this happens, we expect it to move towards the short-term target prices of RM0.94 and RM0.965. The downside support is projected at RM0.86. Traders are advised to exit on a breach to avoid further losses.

Trading Call: Buy on breakout RM0.91

Target: RM0.94, RM0.965 (time frame: 2-4 weeks)

Exit: RM0.86

Source: AmInvest Research - 26 Aug 2021