KUALA LUMPUR (Sept 3): RHB Retail Research said Karyon Industries Bhd is set to move towards its recent high, after breaking past the resistance of 29 sen on strong trading volume yesterday.

In a trading stocks note today, the research house said that supported by the latest long white candlestick, the bullish momentum above that level should propel the stock towards the next resistance of 33 sen – its recent high, followed by the multi-month high of 35.5 sen.

“Meanwhile, falling below the 27.5 sen support would see the direction shift downwards,” it said.

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