RHB Retail Research
Technical Analysis - Parkson
Parkson
Parkson may rise higher after it formed a second consecutive white candle. Yesterday’s white candle can be viewed as the bulls extending the rebound from 21 June’s “Hammer” pattern. A bullish bias may appear above the MYR0.575 level, with an exit set below the MYR0.525 threshold. Towards the upside, the near-term resistance is at MYR0.65. This is followed by the MYR0.70 level.
Source: RHB Securities Research - 26 Jun 2018
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