RHB Retail Research
Trading Stocks - Malaysian Pacific Industries
Malaysian Pacific Industries may rise higher after it breached above the MYR10 threshold. As the 21-day SMA line is likely to turn higher, the bullish sentiment has been enhanced. A positive bias may emerge above the MYR10 level, with an exit set below the MYR9.50 threshold. Towards the upside, the immediate resistance is at the MYR11 mark. This is followed by the MYR11.50 level.
Source: RHB Securities Research - 17 Oct 2019
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