RHB Retail Research
Technology Analysis - PMB Technology
PMB Technology
PMB Technology may rise higher after it breached above the near-term downtrend line drawn in the chart. Given that it has formed a positive candle for the third consecutive session, the positive sentiment has been enhanced. A bullish bias may emerge above the MYR3.00 level, with an exit set below the MYR2.70 threshold. Towards the upside, the immediate resistance is at MYR3.60. This is followed by the MYR4.00 level.
Source: RHB Securities Research - 10 Jul 2018
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