RHB Retail Research
Trading Stocks - Malaysian Pacific Industries
Malaysian Pacific Industries may climb higher after it breached above the MYR11 mark. Given that it has formed a long white candle above the 21-day SMA line, the bullish sentiment has been enhanced. A positive bias may emerge above the MYR11 level, with an exit set below the MYR10.30 threshold. Towards the upside, the immediate resistance is at the MYR12 mark. This is followed by the MYR13 level.
Source: RHB Securities Research - 24 Oct 2019
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