RHB Retail Research
Technical Analysis - Superlon
Superlon was testing the MYR1.30 level in its latest session. A bullish bias may be present above this point with a target price of MYR1.40, followed by MYR1.50. The stock may take a breather if it cannot breach above the MYR1.30 threshold decisively in the coming sessions. Support may be found at MYR1.15, where traders can exit upon a breach to limit downside risk.
Source: RHB Securities Research - 21 Nov 2018
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