RHB Retail Research
Technical Analysis - Karyon Industries
Karyon Industries
Karyon Industries formed a long white candle, indicating that the momentum of buying could be strong. As the 21-day SMA line has crossed above the 55-day SMA line lately, this is an indication of a positive sign. A bullish bias may emerge above the MYR0.195 level, with an exit set below the MYR0.16 threshold. Towards the upside, the immediate resistance is at MYR0.22. This is followed by the MYR0.245 level.
Source: RHB Securities Research - 9 Aug 2018
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