Petronas Dagangan may rise higher after forming a long white candle and leaving an upside gap. The upward momentum would likely continue, given that it has breached above the downtrend line drawn in the chart. A bullish bias may emerge above the MYR26.80 level, with an exit set below the MYR25.70 threshold. Towards the upside, the immediate resistance is at MYR28.18. This is followed by the MYR29.00 level.

Source: RHB Securities Research - 7 Nov 2018