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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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
