Petronas Dagangan may rebound higher after it continued holding above the MYR25 support. Yesterday’s white candle sent the stock to its 1-week high, thereby enhancing the bullish sentiment. A bullish bias may appear above the MYR25.40 level, with an exit set below the MYR25 threshold. Towards the upside, the near-term resistance is at MYR26.56. This is followed by the MYR27.50 level.

Source: RHB Securities Research - 11 Dec 2018