RHB Retail Research
Technical Analysis - PMB Technology
PMB Technology may trend higher after it formed a long white candle and breached above the MYR3.50 threshold. This close has sent the stock to its new 52-week high, thereby enhancing the positive sentiment. A bullish bias may emerge above the MYR3.50 level, with an exit set below the MYR3.20 level. Towards the upside, the immediate resistance is at MYR4.00. This is followed by the MYR4.50 level.
Source: RHB Securities Research - 13 Nov 2018
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