RHB Retail Research
Trading Stocks - Permaju Industries
Permaju Industries may climb higher after posting a long white candle and hitting its new 52-week high. As the 21-day SMA line is likely to begin turning upwards, this also implies a positive outlook sentiment. A bullish bias may appear above the MYR0.595 level, with an exit set below the MYR0.55 threshold. Towards the upside, the near-term resistance is at MYR0.70. This is followed by the MYR0.75 level.
Source: RHB Securities Research - 22 Jul 2019
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