RHB Retail Research
Technical Analysis - Malaysian Pacific Industries
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Malaysian Pacific Industries may rebound further after it tested the MYR10.70 support in its recent trades. Given that it has formed a positive candle for the third consecutive day, the positive sentiment has been enhanced. A bullish bias may appear above the MYR10.70 level, with an exit set below the MYR10.70 threshold. To the upside, the near-term resistance is at MYR11.88. This is followed by the MYR12.90 level.
Source: RHB Securities Research - 6 Aug 2018
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