RHB Retail Research
Technical Analysis - Lion Industries Corporation
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Lion Industries may climb higher after it breached above the MYR1.00 threshold recently. This close sent the stock to its highest close in more than four months, thereby enhancing the positive sentiment. A bullish bias may appear above the MYR1.05 level, with an exit set below the MYR0.89 threshold. To the upside, the near-term resistance is at MYR1.23. This is followed by the MYR1.37 level.
Source: RHB Securities Research - 13 Aug 2018
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