RHB Investment Research Reports
Trading Stocks - Perdana Petroleum
rhbinvest
Publish date: Wed, 31 Jan 2024, 11:41 AM
rhbinvest
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An official blog in I3investor to publish research reports provided by RHB Research team.
All materials published here are prepared by RHB Investment Bank Bhd. For latest offers on RHB Invest trading products and news, please refer to: http://www.rhbinvest.com
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All materials published here are prepared by RHB Investment Bank Bhd. For latest offers on RHB Invest trading products and news, please refer to: http://www.rhbinvest.com
RHB Investment Bank Bhd
Level 3A, Tower One, RHB Centre
Jalan Tun Razak
Kuala Lumpur
Malaysia
Tel : +(60) 3 9280 8888
Fax : +(60) 3 9200 2216
Perdana Petroleum has rebounded strongly above the 21-day SMA line for the past seven sessions. It tested the immediate resistance level of MYR0.27 yesterday. If a breakout happens above this level, the bulls may drive the stock towards the 52- week high of MYR0.285 , followed by the next resistance level of MYR0.32. On the flip side, a fall below the MYR0.25 support level would negate the bullish setup.
Source: RHB Securities Research - 31 Jan 2024
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