RHB Retail Research
Technical Analysis - Superlon
Superlon
Superlon may rebound further after it tested the MYR1.12 support recently. Given that it has formed a long white candle above the rising 21-day SMA line, this means that the bullish sentiment has been enhanced. A bullish bias may appear above the MYR1.26 level, with an exit set below the MYR1.12 threshold. To the upside, the near-term resistance is at MYR1.50. This is followed by the MYR1.61 level.
Source: RHB Securities Research - 21 Aug 2018
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