RHB Retail Research
Trading Stocks - Permaju Industries
Permaju Industries may climb higher after posting a white candle and hitting its new 52-week high. In view that the 21-day SMA line is likely to begin turning upwards, this indicates a positive sign. A positive bias may emerge above the MYR0.855 level, with an exit set below the MYR0.825 mark. Towards the upside, the immediate resistance is at the MYR0.92 level, followed by the MYR0.95 threshold.
Source: RHB Securities Research - 19 Feb 2020
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