RHB Retail Research
Trading Stocks - Malaysian Pacific Industries
Malaysian Pacific Industries may rebound further after it tested MYR10.60 support in its latest session. With the 21-day SMA line edging upwards, this implies a positive outlook sentiment. A positive bias may emerge above the MYR10.60 level, with an exit set below the MYR10.60 threshold. Towards the upside, the immediate resistance is at the MYR11.54 mark. This is followed by the MYR12 level.
Source: RHB Securities Research - 12 Nov 2019
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