RHB Retail Research
Technical Analysis - Superlon
Superlon
Superlon’s buying momentum may have returned after it recently climbed above the 21-day SMA line. This close has sent the stock to its highest close in more than two months, thereby enhancing the positive sentiment. A bullish bias may emerge above the MYR1.37 level, with an exit set below the MYR1.18 threshold. To the upside, the immediate resistance is at MYR1.56. This is followed by the MYR1.80 level.
Source: RHB Securities Research - 11 Jun 2018
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