RHB Retail Research
Technical Analysis - Malaysian Pacific Industries
Malaysian Pacific Industries may rise higher after posting a long white candle and hitting its highest close in more than eight months. With the 21-day SMA line edging upwards, this also implies a positive outlook sentiment. A bullish bias may appear above the MYR12.50 level, with an exit set below the MYR11.66 threshold. To the upside, the near-term resistance is at MYR13.50. This is followed by the MYR14 level.
Source: RHB Securities Research - 18 Sept 2018
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