RHB Retail Research
Technical Analsysis - Pesona Metro
Pesona Metro’s upside move may persist after it continued holding above the 21-day SMA line. As the 21-day SMA line has crossed above the 55-day SMA line lately, this is an indication of a positive sign. A bullish bias may appear above the MYR0.31 level, with an exit set below the MYR0.27 threshold. Towards the upside, the near-term resistance is at MYR0.36. This is followed by the MYR0.385 level.
Source: RHB Securities Research - 4 Sept 2018
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