Petron Malaysia Refining & Marketing may rebound higher after it continued holding above the MYR6.00 support. As the stock rose above the 21-day SMA line, this indicates a positive sign. A bullish bias may appear above the MYR6.40 level, with an exit set below the MYR6.00 threshold. Towards the upside, the near-term resistance is at MYR7.00. This is followed by the MYR7.60 level.

Source: RHB Securities Research - 8 Jan 2019