DESPITE making some healthy headway, Pharmaniaga Bhd
’s (code: 7081) retracement may fail to break through the overhead resistance in the immediate term.
As the stock approached the resistance of RM2.50 on Friday, there were indications that the rally had ended and the stock was entering consolidation mode, ending hopes of a challenge to the 100-day simple moving average (SMA) at RM2.57.
Already a subscriber? Log in.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
