Karyon Industries is set to move towards its recent high, after breaking past the resistance of MYR0.29 on strong trading volume yesterday. Supported by the latest long white candlestick, the bullish momentum above that level should propel the stock towards the next resistance of MYR0.33 – its recent high, followed by the multi-month high of MYR0.355. Meanwhile, falling below the MYR0.275 support would see the direction shift downwards.

Source: RHB Securities Research - 2 Sept 2021