RHB Retail Research
Trading Stocks - Lion Industries Corporation
Lion Industries Corporation is expected to climb higher after it bounced off its support and broke above the immediate resistance on high volume yesterday. The positive bias may stay if it trades above the MYR0.83 resistance-turned-support level. The stock may climb towards the next resistance level of MYR0.885, followed by MYR0.95. This positive expectation may not sustain if it drops below the MYR0.795 level.
Source: RHB Securities Research - 4 May 2021
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