Pan Malaysia Holdings is looking to extend its upside movement after breaking past the immediate resistance. The stock has climbed above MYR0.375 to chart a fresh “higher high” bullish candlestick, showing that strong bullish momentum is underway. Riding on this momentum, the stock should travel towards MYR0.41, followed by MYR0.44. A fall below the MYR0.34 support level would open the door for a correction.
Source: RHB Securities Research - 11 Sept 2024
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Created by rhbinvest | Sep 11, 2024