Master-Pack Group may rise higher after it closed above the MYR1.20 threshold. With the 21-day SMA line edging upwards, this suggests a likelihood of increasing demand in the near term. A positive bias may emerge above the MYR1.20 level, with an exit set below the MYR1.10 threshold. Towards the upside, the immediate resistance is at MYR1.30 level. This is followed by the MYR1.40 level.
Source: RHB Securities Research - 2 Jul 2019
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Created by rhboskres | Aug 26, 2024