RHB Retail Research
Technical Analysis - Karyon Industries
Karyon Industries was testing the MYR0.22 level in recent trades. A bullish bias may be present above this point, with a target price of MYR0.24, followed by MYR0.25. The stock may consolidate further if it cannot surpass the MYR0.22 threshold in the near term. Support may be found at MYR0.20, where traders can exit upon a breach to limit the downside risk.
Source: RHB Securities Research - 27 Aug 2018
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