RHB Retail Research
Technical Analysis - Paramount Corporation
Paramount Corporation may trend higher after it tested the MYR1.98 support in recent sessions. As the stock rose above the 55-day SMA line, this indicates a positive sign. A bullish bias may appear above the MYR2.05 level, with an exit set below the MYR1.98 threshold. Towards the upside, the nearterm resistance is at MYR2.15. This is followed by the MYR2.24 level.
Source: RHB Securities Research - 29 Oct 2018
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