RHB Retail Research
Trading Stocks - Malaysian Pacific Industries
Malaysian Pacific Industries may rebound higher after it continued holding above the MYR11.40 support. As the stock has recorded a new 52-week high, the positive sentiment has been enhanced. A positive bias may emerge above the MYR12 level, with an exit set below the MYR11.40 threshold. Towards the upside, the immediate resistance is at MYR13. This is followed by the MYR13.50 level.
Source: RHB Securities Research - 13 Jan 2020
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