RHB Retail Research
Technical Analysis - Parkson
Parkson
Parkson may rebound further after it tested the MYR0.525 support in its recent trades. As it has formed a positive candle for the second consecutive day, the positive sentiment has been enhanced. A bullish bias may appear above the MYR0.565 level, with an exit set below the MYR0.525 threshold. Towards the upside, the near-term resistance is at MYR0.61. This is followed by the MYR0.65 level.
Source: RHB Securities Research - 9 Jul 2018
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