RHB Retail Research
Trading Stocks - Permaju Industries
Permaju Industries formed a long white candle, indicating that the momentum of buying could be strong. As it is trading above the rising 21-day SMA line, the positive sentiment has been enhanced. A positive bias may emerge above the MYR0.64 level, with an exit set below the MYR0.60 threshold. Towards the upside, the immediate resistance is at the MYR0.70 level. This is followed by the MYR0.80 level.
Source: RHB Securities Research - 13 Aug 2019
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