RHB Retail Research
Technical Analysis - Superlon
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Superlon formed a long white candle, indicating that the momentum of buying could be strong. As it has formed a positive candle for the second consecutive day, the positive sentiment has been enhanced. A bullish bias may emerge above the MYR1.40 level, with an exit set below the MYR1.18 threshold. To the upside, the immediate resistance is at MYR1.65. This is followed by the MYR1.80 level.
Source: RHB Securities Research - 19 Jun 2018
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