RHB Retail Research
Trading Stocks - PIE Industrial
PIE Industrial may resume its upward movement after a mild pullback from the recent high. Observed that the stock broke past the resistance of MYR3.30 on high trading volume recently. If the stock continues to trade above this resistanceturned-support level, it may scale higher towards the next resistance pegged at MYR3.55, followed by MYR3.70. Meanwhile, breaching below the MYR3.12 support will see the momentum fade
Source: RHB Securities Research - 6 Aug 2021
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