RHB Retail Research
Technical Analysis - P.I.E Industrial
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P.I.E. Industrial may rise higher after it breached above the MYR1.50 threshold. As the 21-day SMA line will likely begin turning upward, this is an indication of a positive sign. A bullish bias may emerge above the MYR1.50 level, with an exit set below the MYR1.41 point. Towards the upside, the immediate resistance is at MYR1.68. This is followed by the MYR1.78 level.
Source: RHB Securities Research - 17 Jul 2018
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