RHB Retail Research
Trading Stocks - P.I.E. Industrial
P.I.E. Industrial may rebound higher after it continued holding above the MYR1.28 support. Given that the stock has formed a long white candle above the 21-day SMA line, this means that the bullish sentiment has been enhanced. A bullish bias may appear above the MYR1.35 level, with an exit set below the MYR1.28 threshold. Towards the upside, the near-term resistance is at MYR1.47. This is followed by the MYR1.52 level.
Source: RHB Securities Research - 2 Jul 2019
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