P.I.E. Industrial may move higher after it continued holding above the MYR1.56 support. As the stock marked a higher close vis-à-vis the previous session, this indicates a positive sign. A bullish bias may appear above the MYR1.61 level, with an exit set below the MYR1.56 threshold. Towards the upside, the near-term resistance is at MYR1.68. This is followed by the MYR1.75 level.

Source: RHB Securities Research - 1 Mar 2019