Superlon was testing the MYR1.29 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 MYR1.29 threshold decisively in the coming sessions. Support may be found at MYR1.19, where traders can exit upon a breach to minimise the downside risk.

Source: RHB Securities Research - 25 Jan 2019