RHB Retail Research
Trading Stocks - Master-Pack Group
Master-Pack Group’s buying momentum may have returned after it rose above the 21-day SMA line. This upward momentum is likely to continue, given that it has posted a second consecutive white candle. A positive bias may emerge above the MYR2.52 level, with an exit set below the MYR2.42 threshold. Towards the upside, the immediate resistance is at the MYR2.80 mark. This is followed by the MYR3.00 level.
Source: RHB Securities Research - 27 Dec 2019
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