Malaysian Pacific Industries may rebound further after it tested MYR9.78 support in recent session. Given that the stock has formed a long white candle above the 21-day SMA line, this means that the bullish sentiment has been enhanced. A bullish bias may appear above the MYR10.24 level, with an exit set below the MYR9.78 threshold. Towards the upside, the near term resistance is at MYR10.88. This is followed by the MYR11.40 level.

Source: RHB Securities Research - 18 Mar 2019