Kenanga Research & Investment
Highlights / Stock Picks of the Day - Perisai Petroleum Teknologi Bhd ("PERISAI”) – Not Rated
PERISAI is on track for a rebound, having confirmed the bullish “Hammer” reversal candlestick (formed at the RM1.48 channel support level). For the day, the stock edged up 4 sen to close at RM1.57. Furthermore, Stochastic is showing some improvement and has crossed above the signal line. Hence, we believe the stock is likely to make its way up towards RM1.70 and possibly RM1.82 next. Meanwhile, immediate downside is likely to be capped at RM1.45.
Source: Kenanga
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