Pavilion Real Estate Investment Trust is set to rebound from the recent retracement as it bounced off the 21-day average line, surpassing the MYR1.28 resistance yesterday. If it manages to stay above that level, buying interest should propel the stock towards the resistance of MYR1.40, then the next resistance of MYR1.44. If it falls below the support level of MYR1.26, selling pressure may emerge with a “lower low” bearish formation.
Source: RHB Securities Research - 29 Apr 2022
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