Superlon Holdings Bhd (7235)

• SUPERLN gained 5.1% or 4 sen to RM0.83 yesterday.
• Share price seemed to have formed a potential trend reversal as it has rebounded from its 52- week low of RM0.74 and continues to climb higher supported by the upward movement of key momentum indicators. As such, we believe the rebound is likely to sustain.
• Resistance levels are found at RM0.90 (R1) and RM0.95 (R2).
• On the contrary, support levels are identified at RM0.77 (S1) and RM0.74 (S2).

Source: Rakuten Research - 28 Aug 2019