Lion Industries may rise higher after it formed a third consecutive white candle. This candle has sent the stock to its highest close in more than four months, thereby enhancing the positive sentiment. A bullish bias may appear above the MYR0.61 level, with an exit set below the MYR0.56 threshold. Towards the upside, the near-term resistance is at MYR0.70. This is followed by the MYR0.77 level. may rise higher after it formed a third consecutive white candle. This candle has sent the stock to its highest close in more than four months, thereby enhancing the positive sentiment. A bullish bias may appear above the MYR0.61 level, with an exit set below the MYR0.56 threshold. Towards the upside, the near-term resistance is at MYR0.70. This is followed by the MYR0.77 level.

Source: RHB Securities Research - 11 Apr 2019