RHB Retail Research
Trading Stocks - Karyon Industries
Karyon Industries has been trading in a sideways pattern over the past six months. There is a good indication that this sideways trading could be extended in the near-term towards the upside. A positive bias is expected above MYR0.22 with resistance levels marked at MYR0.245 and MYR0.26. A downside breach of MYR0.22 would nullify this positive bias.
Source: RHB Securities Research - 4 Mar 2021
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