RHB Retail Research
Trading Stocks - Pharmaniaga
Pharmaniaga may climb higher after posting a white candle and leaving an upside gap. With the 21-day SMA line edging upwards, this also implies a positive outlook. A bullish bias may emerge above the MYR2.40 level, with an exit set below the MYR2.26 threshold. Towards the upside, the immediate resistance is at MYR2.59. This is followed by the MYR2.76 level.
Source: RHB Securities Research - 21 May 2019
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