RHB Retail Research
Trading Stocks - PIE Industrial
PIE Industrial attempted to break out from its 2-year high, testing the resistance level of MYR1.75. As trading volume spiked upwards, we believe it may break out from the resistance soon. If this happens, the next resistance level should be at MYR1.81, followed by MYR1.93. Meanwhile, a downward breach of the MYR1.60 support should cancel this expectation.
Source: RHB Securities Research - 21 Oct 2020
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