RHB Retail Research
Trading Stocks - Pharmaniaga
Pharmaniaga may climb higher after forming a white candle and hitting its highest close in nearly five months. With the 21- day SMA line edging upwards, this also implies a positive outlook sentiment. A bullish bias may emerge above the MYR2.63 level, with an exit set below the MYR2.47 threshold. Towards the upside, the immediate resistance is at MYR2.83. This is followed by the MYR2.93 level.
Source: RHB Securities Research - 24 Jun 2019
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