AmInvest Research Reports
Stock on Radar - Perdana Petroleum (7108)
AmInvest
Publish date: Thu, 06 Feb 2020, 09:42 AM
AmInvest
0 9,388
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All materials published here are prepared by AmInvest. For latest offers on AmInvest trading products and news, please refer to: https://www.aminvest.com/eng/Pages/home.aspx
Tel: +603 2036 1800 / +603 2032 2888
Fax: +603 2031 5210
Email: enquiries@aminvest.com
Office Hours
Monday to Thursday: 8:45am – 5:45pm
Friday: 8:45am – 5:00pm
(GMT +08:00 Malaysia)
Perdana Petroleum retreated from its high to consolidate around the region of RM0.45. With a moderate RSI, there is a possibility it will bounce above RM0.45, and move towards the target prices of RM0.48 and RM0.51. The immediate support is anticipated at RM0.42, whereby traders may exit on a breach to avoid the risk of a further consolidation. Trading Call: Buy near RM0.45
Target: RM0.48, RM0.51 (time frame: 3-6 weeks) Exit: RM0.42
Source: AmInvest Research - 6 Feb 2020
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