RHB Retail Research
Trading Stocks (mid-day) - PIE Industrial
At the time of writing, PIE Industrial was testing the MYR1.22 in its latest session. If the price breaks out, a bullish bias may be present above this point, with a target price of MYR1.35, followed by MYR1.44. The stock may take a breather if it cannot breach above the MYR1.22 threshold in the near term. Support may be found at MYR1.10, where traders can exit upon a breach to minimise the downside risk.
Source: RHB Securities Research - 28 Apr 2020
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