KUALA LUMPUR (Oct 17): RHB Retail Research said Malaysian Pacific Industries Bhd may rise higher after it breached above the RM10 threshold.
In a trading stocks note today, the research house said as the 21-day SMA line is likely to turn higher, the bullish sentiment has been enhanced.
“A positive bias may emerge above the RM10 level, with an exit set below the RM9.50 threshold.
“Towards the upside, the immediate resistance is at the RM11 mark. This is followed by the RM11.50 level,” it said.