Panasonic Manufacturing Malaysia may climb higher after it surged above the MYR40.00 threshold. This long white candle has sent the stock to its new 52-week high, thereby enhancing the positive sentiment. A bullish bias may emerge above the MYR40 level, with an exit set below the MYR39 threshold. To the upside, the immediate resistance is at MYR43. This is followed by the MYR45 level.

Source: RHB Securities Research - 23 Aug 2018