RHB Retail Research
Technical Analysis - P.I.E. Industrial
P.I.E. Industrial
P.I.E. Industrial may rebound further after it tested MYR1.23 support recently. Given that it has formed a positive candle for the second consecutive day, the positive sentiment has been enhanced. A bullish bias may appear above the MYR1.23 level, with an exit set below the MYR1.23 threshold. Towards the upside, the near-term resistance is at MYR1.38. This is followed by the MYR1.50 level.
Source: RHB Securities Research - 26 Jun 2018
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