RHB Retail Research
Technology Analysis - Malaysian Pacific Industries
Malaysian Pacific Industries
Malaysian Pacific Industries may rebound further after it tested MYR9.60 support in its latest session. Yesterday’s white candle engulfed the prior one to form a “Bullish Engulfing” pattern, implying a potential rebound. A bullish bias may appear above the MYR9.60 level, with an exit set below the MYR9.60 threshold. Towards the upside, the near-term resistance is at MYR10.60. This is followed by the MYR11.00 level.
Source: RHB Securities Research - 10 Jul 2018
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