RHB Retail Research
Technical Analysis - Pos Malaysia
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Pos Malaysia may move higher after it continued holding above the MYR3.50 support. Yesterday’s close has sent the stock to its highest close in more than three months, thereby enhancing the positive sentiment. A bullish bias may appear above the MYR3.80 level, with an exit set below the MYR3.50 threshold. Towards the upside, the near-term resistance is at MYR4.16. This is followed by the MYR4.50 level.
Source: RHB Securities Research - 14 Jun 2018
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