RHB Retail Research
Technical Analysis - Panasonic Manufacturing Malaysia
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Panasonic Manufacturing Malaysia may rebound further after it tested MYR36.50 support recently. The upward momentum would likely continue, given that it has breached above the downtrend line drawn in the chart. A bullish bias may appear above the MYR37.30 level, with an exit set below the MYR36.50 mark. To the upside, the near-term resistance is at MYR38.60. This is followed by the MYR40.00 level.
Source: RHB Securities Research - 26 Jul 2018
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