RHB Retail Research
Technical Analysis - Pos Malaysia
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Pos Malaysia may trend higher after it posted a long white candle and breached above the MYR4.00 threshold. In view that the 21-day SMA line is likely to begin turning upwards, this implies a positive outlook. A bullish bias may appear above the MYR4.00 level, with an exit set below the MYR3.50 threshold. To the upside, the near-term resistance is at MYR4.50. This is followed by the MYR5.07 level.
Source: RHB Securities Research - 19 Jun 2018
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