RHB Investment Research Reports

Trading Stocks - Lion Industries Corporation

rhbinvest
Publish date: Tue, 05 Sep 2023, 10:16 AM
rhbinvest
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An official blog in I3investor to publish research reports provided by RHB Research team.

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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

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