RHB Retail Research
Trading Stocks - Malaysian Pacific Industries
Malaysian Pacific Industries’ buying momentum may have returned after it rose above the 21-day SMA line. Last Friday’s candle sent the stock to its 1-month high, thereby enhancing the bullish sentiment. A bullish bias may emerge above the MYR8.70 level, with an exit set below the MYR8.33 threshold. Towards the upside, the immediate resistance is at MYR9.20 level. This is followed by the MYR9.66 threshold.
Source: RHB Securities Research - 3 Sept 2019
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