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