PARKSONmade a major daily Wave 4 high of MYR2.49 (12Mar 2015) with grossly overbought and bearish signals. All of its negative signals above suggest a very strong daily downtrend. It is likely to break into lower territory, as itjust breached its key support areasin a very clear downward Wave 5decline.

TAKE PROFIT (TECHNICAL)on rallies for PARKSONwith very weak supports of MYR1.56and MYR1.80as well as downside target areas ofMYR1.80 and MYR1.56.

Source: Maybank Research - 5 Jun 2015