Karyon Industries’ buying momentum may have returned after it rose above the 21-day SMA line. This upward momentum is likely to continue, given that it has posted a second consecutive white candle. A bullish bias may emerge above the MYR0.14 level, with an exit set below the MYR0.125 threshold. Towards the upside, the immediate resistance is at MYR0.17. This is followed by the MYR0.19 level.

Source: RHB Securities Research - 14 Feb 2019