RHB Retail Research
Technical Analysis - Malaysian Pacific Industries
Malaysian Pacific Industries was testing the MYR11.98 level in its latest session. A bullish bias may be present above this point with a target price of MYR12.50, followed by MYR13.20. The stock may drift sideways if it cannot surpass the MYR11.98 threshold in the near term. Support may be found at MYR10.92, where traders can exit upon a breach to limit the downside risk.
Source: RHB Securities Research - 22 Oct 2018
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