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Rakuten Trade Research Reports

Author: rakutentrade   |   Latest post: Wed, 22 Jan 2020, 12:07 PM

 

Technical View - Perdana Petroleum Bhd (PERDANA, 7108)

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Perdana Petroleum Bhd (7108)

• PERDANA rose 5.8% or 2 sen to RM0.365 yesterday.

• PERDANA closed with second consecutive gain yesterday following the sell down from the high of RM0.48 recently. This could suggest renewed buying interest and the rebound may continue from positive movements in key indicator.

• From here, resistance levels are seen at RM0.400 (R1) and RM0.425 (R2).

• On the contrary, support levels can be identified at RM0.330 (S1) and RM0.300 (S2).

Source: Rakuten Research - 4 Dec 2019

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Labels: PERDANA

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Chart Stock Name Last Change Volume 
PERDANA 0.515 -0.02 (3.74%) 9,050,700 

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