KUALA LUMPUR (June 11): RHB Retail Research said Superlon Holdings Bhd’s buying momentum may have returned after it recently climbed above the 21-day SMA line.

In a trading stocks note today, the research house said this close has sent the stock to its highest close in more than two months, thereby enhancing the positive sentiment.

“A bullish bias may emerge above the RM1.37 level, with an exit set below the RM1.18 threshold.

“To the upside, the immediate resistance is at RM1.56. This is followed by the RM1.80 level,” it said.