RHB Investment Research Reports
Trading Stocks - Lion Industries Corporation
rhbinvest
Publish date: Tue, 05 Sep 2023, 10:16 AM
rhbinvest
0 3,568
An official blog in I3investor to publish research reports provided by RHB Research team.
All materials published here are prepared by RHB Investment Bank Bhd. For latest offers on RHB Invest trading products and news, please refer to: http://www.rhbinvest.com
RHB Investment Bank Bhd
Level 3A, Tower One, RHB Centre
Jalan Tun Razak
Kuala Lumpur
Malaysia
Tel : +(60) 3 9280 8888
Fax : +(60) 3 9200 2216
All materials published here are prepared by RHB Investment Bank Bhd. For latest offers on RHB Invest trading products and news, please refer to: http://www.rhbinvest.com
RHB Investment Bank Bhd
Level 3A, Tower One, RHB Centre
Jalan Tun Razak
Kuala Lumpur
Malaysia
Tel : +(60) 3 9280 8888
Fax : +(60) 3 9200 2216
Lion Industries Corporation is set print a fresh 2023 high as it broke above the MYR0.39 resistance on surging trading volume yesterday, forming a “higher high” bullish pattern. It is now eyeing the Dec 2022’s high at MYR0.425, followed by the next resistance at MYR0.48. However, falling below the MYR0.35 support would indicate a downtrend, forming a “lower low” bearish pattern while trading below the 21-day SMA line.
Source: RHB Securities Research - 5 Sept 2023
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