RHB Retail Research
Trading Stocks - Master-Pack Group
Master-Pack Group may rise higher after posting a white candle and hitting its new 52-week high. As the 21-day SMA line will likely start turning upwards, the bullish sentiment has improved. A positive bias may emerge above the MYR1.59 level, with an exit set below the MYR1.48 threshold. Towards the upside, the immediate resistance is at the MYR1.70 mark. This is followed by the MYR1.80 level.
Source: RHB Securities Research - 24 Oct 2019
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