PIE

Sector: EMS/ Industrial products

Analyzed on 05/12/2021

Following up from our previous analysis, PIE is well supported on ascending trendline & channel as shown in the chart. PIE is currently trading at RM3.800, with immediate support at RM3.76 (EMA50) and next support at RM3.5. PIE’s immediate resistance will be at upper range of its uptrend channel. Should PIE continue to stay above the ascending trendline, it will challenge RM4.25 in the near future. Overall, PIE looks strong with both EMA25 and EMA50 trending upwards, indicating an uptrend rally. Investor who is interested in PIE could take EMA25/50 or support level as reference for entry point.

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NOTT INVEST 

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