RHB Retail Research
Trading Stocks - Pharmaniaga
Pharmaniaga may rise higher after it breached above the MYR2.40 threshold. This upward momentum is likely to continue, given that it has posted a second consecutive white candle. A bullish bias may emerge above the MYR2.40 level, with an exit set below the MYR2.28 threshold. Towards the upside, the immediate resistance is at MYR2.60. This is followed by the MYR2.76 level.
Source: RHB Securities Research - 29 Apr 2019
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