KARYON

Sector: Industrial Products & Services (Chemicals)

Analysed on 13/09/21

Follow up on our previous analysis on 29/08/2021, KARYON managed to break its resistance at RM0.28 and stay above this resistance level after breakout. Both EMA25 and EMA50 are trending upward provide an indication that KARYON is on uptrend with immediate resistance at RM0.33. The trading volume is built up with increase in price after good QR posted recently. We believe that KARYON potentially challenges its resistance at RM0.33 after gaining attention from investors.

Reason to monitor: Technical Breakout

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