RHB Retail Research
Technical Analysis - Pos Malaysia
Pos Malaysia may rebound further after it tested MYR4.05 support recently. Given that the stock has climbed above the 55-day SMA line, this indicates a positive sign. A bullish bias may appear above the MYR4.05 level, with an exit set below the MYR4.05 threshold. Towards the upside, the near-term resistance is at MYR4.30. This is followed by the MYR4.47 level.
Source: RHB Securities Research - 27 Aug 2018
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