Rakuten Trade Research Reports

Technical View - Superlon Holdings Bhd

rakutentrade
Publish date: Thu, 15 Feb 2024, 10:48 AM
rakutentrade
0 2,122
An official blog in I3investor to publish research reports provided by Rakuten Trade research team.

All materials published here are prepared by Rakuten Trade. For latest offers on Rakuten Trade products and news, please refer to: https://www.rakutentrade.my/

To sign up for an account: http://bit.ly/40BNqKI

Rakuten Trade

Hotline: +603 2110 7110 (Account Opening, General enquiry)
Email: customerservice@rakutentrade.my

Superlon Holdings Bhd (SUPERLN, 7235)

  • SUPERLN may trend higher after breaking out from its 7-week downward channel pattern with a long white candle yesterday. In view of the stock bouncing off the 20-day EMA with a white marubozu candlestick yesterday coupled with its 20-day EMA starting to turn upward hence indicating that the near-term bullish trend may persist.
  • We expect the rising momentum is set to steer the stock higher and test the next level of resistance of RM0.88 (R1) and RM0.92 (R2) in the near term.
  • On the downside, stop-loss is set at RM0.74, below the 6 Feb’s low.

Source: Rakuten Research - 15 Feb 2024

To sign up for an account : http://bit.ly/40BNqKI

[Youtube Tutorial] Account Opening & Enable Foreign Equity:http://bit.ly/3I5Jzxo

Related Stocks
Market Buzz
Discussions
Be the first to like this. Showing 0 of 0 comments

Post a Comment