RHB Retail Research
Trading Stocks - P.I.E. Industrial
P.I.E. Industrial formed a long white candle, indicating that the buying momentum could be strong. This upward momentum is likely to continue, given that it has posted a second consecutive long white candle. A positive bias may emerge above the MYR1.30 level, with an exit set below the MYR1.20 threshold. Towards the upside, the immediate resistance is at the MYR1.39. This is followed by the MYR1.46 level.
Source: RHB Securities Research - 2 Oct 2019
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