RHB Retail Research
Technical Analysis - Malaysian Pacific Industri
Malaysian Pacific Industries may rebound further after it tested MYR9.89 support recently. As the stock has formed a “Bullish Harami” pattern on 3 Dec, this indicates a potential rebound. A bullish bias may appear above the MYR10.60 level, with an exit set below the MYR9.89 threshold. Towards the upside, the near-term resistance is at MYR11.80. This is followed by the MYR12.40 level.
Source: RHB Securities Research - 4 Dec 2018
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