Lion Industries Corporation is set print a fresh 2023 high as it broke above the MYR0.39 resistance on surging trading volume yesterday, forming a “higher high” bullish pattern. It is now eyeing the Dec 2022’s high at MYR0.425, followed by the next resistance at MYR0.48. However, falling below the MYR0.35 support would indicate a downtrend, forming a “lower low” bearish pattern while trading below the 21-day SMA line.
Source: RHB Securities Research - 5 Sept 2023
Chart | Stock Name | Last | Change | Volume |
---|
Created by rhbinvest | Oct 02, 2024