RHB Retail Research
Technical Analysis - Malaysian Pacific Industri
Malaysian Pacific Industries’ buying momentum may have returned after it rose above the 21-day SMA line. This close has sent the stock to its 2-week high, thereby enhancing the positive sentiment. A bullish bias may emerge above the MYR12.20 level, with an exit set below the MYR10.92 threshold. Towards the upside, the immediate resistance is at MYR13.20. This is followed by the MYR13.80 level.
Source: RHB Securities Research - 22 Oct 2018
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