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RHB Retail Research

Author: rhboskres   |   Latest post: Fri, 15 Feb 2019, 05:36 PM

 

Technical Analysis - Malaysian Pacific Industries

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Malaysian Pacific Industries may climb higher after forming a white candle and leaving an upside gap. Given that it has formed a white candle for the second consecutive day, the positive sentiment has been enhanced. A bullish bias may emerge above the MYR11.12 level, with an exit set below the MYR10.44 level. Towards the upside, the immediate resistance is at MYR12.00. This is followed by the MYR12.62 level.

Source: RHB Securities Research - 12 Nov 2018

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