RHB Retail Research
Trading Stocks - P.I.E. Industrial
P.I.E. Industrial is recording another new high level as it moved past the immediate resistance of MYR4.03 on strong volume – printing a long white candlestick. If it manages to stay above that level, buying interest may follow through towards uncharted territory, ie MYR4.30 and the MYR4.50 threshold. If it falls below the MYR3.85 support, the momentum may dissipate.
Source: RHB Securities Research - 10 Nov 2021
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