AmInvest Research Reports
Stock on Radar - Superlon Holdings
AmInvest
Publish date: Mon, 11 Mar 2024, 11:13 AM
AmInvest
0 9,463
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All materials published here are prepared by AmInvest. For latest offers on AmInvest trading products and news, please refer to: https://www.aminvest.com/eng/Pages/home.aspx
Tel: +603 2036 1800 / +603 2032 2888
Fax: +603 2031 5210
Email: enquiries@aminvest.com
Office Hours
Monday to Thursday: 8:45am – 5:45pm
Friday: 8:45am – 5:00pm
(GMT +08:00 Malaysia)
We expect further upside for Superlon given that it took out the 2-month downtrend line 2 sessions ago. In view that the 20-day and 50-day EMAs are starting to turn upwards, a positive outlook can be expected here. A bullish bias may emerge above the RM0.80 level with stop-loss set at RM0.74, below the 50-day EMA. Towards the upside, near-term resistance level is seen at RM0.95, followed by RM1.00.
Entry : RM0.80–0.855
Target : RM0.95, RM1.00
Exit : RM0.74
Source: AmInvest Research - 11 Mar 2024
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