Superlon Holdings is poised for a bullish breakout, as it climbed to test the immediate resistance point of MYR0.72 on improved trading volume. If a breakout happens above that level, the stock is likely to propel strongly towards MYR0.765, before heading for the next resistance of MYR0.81. On the other hand, falling below the MYR0.695 support will negate the bullish setup.
Source: RHB Securities Research - 14 Dec 2023
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