RHB Retail Research
Technical Analysis - Malaysian Pacific Industries
Malaysian Pacific Industries
Malaysian Pacific Industries may rise higher after it formed another white candle and leaving an upside gap. The 21-day SMA line is now likely to turn upwards, suggesting additional strength may be present in the near term. A bullish bias may emerge above the MYR10.00 level, with an exit set below the MYR9.30 threshold. Towards the upside, the immediate resistance is at MYR11.20. This is followed by the MYR12.90 level.
Source: RHB Securities Research - 5 Jun 2018
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