AmInvest Research Reports
Stock on Radar - Pekat Group (PEKAT)
AmInvest
Publish date: Mon, 20 Jan 2025, 10:56 AM
AmInvest
0 9,521
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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)
Pekat Group (PEKAT | 0233)
Last Price: RM1.07 | Technical Call: BUY
| Support 1: RM1.03 | Resistance 1: RM1.20 |
| Support 2: RM0.95 | Resistance 2: RM1.30 |
| Shariah Compliant: Yes | Sector: Energy |
We expect continued upside potential for Pekat Group after it recouped the previous session's losses and pushed higher from its RM0.95 low on Friday. With the 20-day EMA remaining above the 50-day EMA since the bullish crossover in early December
2024, the uptrend may persist in the near term. A bullish bias may emerge above the RM1.03 level with stop-loss set at RM0.94, below the 50-day EMA. Towards the upside, near-term resistance level is seen at RM1.20, followed by RM1.30.
Entry: RM1.03-1.07
Target: RM1.20, RM1.30
Exit: RM0.94
Source: AmInvest Research - 20 Jan 2025
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