RHB Retail Research
Trading Stocks - Lion Industries
Lion Industries is testing the immediate resistance level with higher trading volume. As such, the stock is poised to challenge the immediate resistance level at MYR0.50. If it breaks above the resistance, we expect it to move higher and test the next resistance level at MYR0.53, followed by MYR0.57. This positive expectation should remain valid, provided the MYR0.45 support is not breached.
Source: RHB Securities Research - 22 Dec 2020
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