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RHB Retail Research

Author: rhboskres   |   Latest post: Fri, 8 Nov 2019, 5:16 PM

 

Trading Stocks - Perdana Petroleum

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Perdana Petroleum crossed above the downtrend line (as drawn on the chart), together with the 30-day SMA line, which starting to curve upwards – these point towards a positive outlook. A positive bias may emerge above MYR0.335, while a stop-loss can be placed at below the same level. Resistance points are expected at MYR0.37, followed by MYR0.405.

Source: RHB Securities Research - 15 Oct 2019

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Labels: PERDANA

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PERDANA 0.435 -0.025 (5.43%) 41,944,900 

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