RHB Retail Research
Trading Stocks - Malaysia Pacific Industries
Malaysia Pacific Industries has been developing a minor sideways trading range over the past four sessions following its prior rebound from the rising 21-day SMA line. An upside breach of MYR18.04 may see the stock scale higher with subsequent resistance points eyed at MYR19.00 and MYR20.00. A downside breach of MYR17.50 support would invalidate this positive expectation.
Source: RHB Securities Research - 22 Sept 2020
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