RHB Retail Research
Trading Stocks - Pharmaniaga
Pharmaniaga may rebound further after it tested the MYR1.55 support lately. Last Friday’s white candle sent the stock to near its 2-month high, thereby enhancing the bullish sentiment. An upbeat bias may emerge above the MYR1.66 level, with an exit set below the MYR1.55 mark. Towards the upside, the immediate resistance is at the MYR1.92 level, followed by the MYR2.05 threshold.
Source: RHB Securities Research - 27 Apr 2020
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