RHB Retail Research
Trading Stocks - P.I.E. Industrial
P.I.E. Industrial is attempting a technical breakout, as it retested the immediate resistance on strong volume yesterday. If it manages to breach above the MYR3.11 resistance level, the bullish momentum may propel the stock towards its recent high of MYR3.29, followed by MYR3.50. Meanwhile, falling below the MYR2.94 support level – below the 21-day SMA line – will cancel this expectation.
Source: RHB Securities Research - 14 Jul 2021
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