RHB Retail Research
Trading Stocks - Pharmaniaga
Pharmaniaga may rebound higher after it continued holding above the MYR2.45 support. Given that the stock has breached above the downtrend line drawn in the chart, this indicates a positive sign. A positive bias may emerge above the MYR2.54 level, with an exit set below the MYR2.45 threshold. Towards the upside, the immediate resistance is at the MYR2.72 level. This is followed by the MYR2.86 level.
Source: RHB Securities Research - 22 Aug 2019
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