RHB Retail Research
Technical Analysis - Malaysian Pacific Industries
Malaysian Pacific Industries
Malaysian Pacific Industries may climb higher after it breached above the MYR12 threshold. This close has sent the stock to its highest close in more than six months, thereby enhancing the positive sentiment. A bullish bias may emerge above the MYR11.64 level, with an exit set below the MYR10.70 threshold. To the upside, the immediate resistance is at MYR12.90. This is followed by the MYR13.50 level.
Source: RHB Securities Research - 20 Aug 2018
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