Superlon Holdings Bhd.

• Share price has surged 58% since our last technical buy call on 15th Feb 2024.

• SUPERLN is back in the radar after it broke out from the two-week bullish flag pattern with a long white candle yesterday. In view of the stock bouncing off the 20-day EMA yesterday coupled with positive technical reading in RSI & EMA, this indicates that the near-term bullish trend may persists.

• We expect the rising momentum to steer the stock higher and test the next level of resistance of RM1.37 (R1) and RM1.45 (R2) in the near term.

• On the downside, stop-loss is set at RM1.14, below 50 days EMA.
  

Source: Rakuten Research - 31 May 2024

To sign up for an account : http://bit.ly/40BNqKI

[Youtube Tutorial] Account Opening & Enable Foreign Equity:http://bit.ly/3I5Jzxo