RHB Retail Research
Trading Stocks - Pharmaniaga
Pharmaniaga may rise higher after it formed a second consecutive white candle. This can be viewed as a continuation of the bulls extending the upward momentum from 17 May’s upside gap. A bullish bias may emerge above the MYR2.57 level, with an exit set below the MYR2.40 threshold. Towards the upside, the immediate resistance is at MYR2.76. This is followed by the MYR2.90 level.
Source: RHB Securities Research - 3 Jun 2019
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