KARYON tested resistance level R1 at 0.31 and recovered the pullback with further movement to the upside above Valid DTL. We suggest the price could rally towards the next resistance level R2 coincide Fibonacci target 2.618. On the flipside price movement below 0.20 may push the price lower. Disclaimer: The content on this analysis is subject to change at any...
Note - This is one of good counter. Suggestion on the charts
OBV is increasing showing an increase in buyer interest. Price has the potential to go up once breakout above 0.245.
Looking at fibo, the price rebound at fibo level 0.618. Price already break down trendline and crossed daily Ichi cloud. KARYON have the potential to go upside.
KARYON has been traded in sideways since September 2020 and failed to break 0.24. Since August 2020 directors of this company keep acquire the shares which shows a good sign Starting from last 18th February, the volume traded in this stock spikes above than normal volume Current price above EMA20 and EMA50 indicating potential uptrend Current increasing in PVC...
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PRICE EXPECTED TO REBOUND AT 20MA. 20MA ACT AS SUPPORT. TO CONFIRM AT NEXT TRADING DAY.
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Volume spiked after lunchtime! Flag pattern is sighted. To continue its bullish trend, if its break the flag pattern, it need to break few Resistances which are 0.200//0.215//0.225 (52WH).
Karyon Industries Berhad, an investment holding company, is engaged in the manufacture and trading of PVC, chemicals, and industrial products in Malaysia. It also offers oleochemical products, including foam boosters, concentrated detergent pastes, washing detergents, and shampoos. In addition, the company produces metal stearates and mixed-metal stabilizers....