Parkson (5657) >Current Price RM5.60

After six months of consolidation, Parkson holdings is set for its next rally as it breaches above the RM5.50 resistance. Its daily and weekly MACD is forming an upward reversal, while its DMI and RSI are affirming the return in momentum, Encourage by the strong volume since the start of the rally, i rates Parkson holdings as a trading buy with a target price of RM7.00. Place relevant stop-loss.