Rakuten Trade Research Reports
Technical View - Perak Transit Bhd (PTRANS, 0186)
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Publish date: Mon, 25 Nov 2019, 04:28 PM
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All materials published here are prepared by Rakuten Trade. For latest offers on Rakuten Trade products and news, please refer to: https://www.rakutentrade.my/
To sign up for an account: http://bit.ly/40BNqKI
Rakuten Trade
Hotline: +603 2110 7110 (Account Opening, General enquiry)
Email: customerservice@rakutentrade.my
Perak Transit Bhd (0186)
- PTRANS rose 8.2% or 2 sen to RM0.265 last Friday.
- Share price has been on steady uptrend supported by higher trading volume recently while last Friday’s move sent the price to close above RM0.26 level. With the positive technical indicators, we expect the share price continue its upward trend and possibly to cross over the RM0.30 level.
- As such, resistance levels are expected at RM0.275 (R1) and RM0.290 (R2).
- Likewise, support levels can be identified at RM0.235 (S1) and RM0.220 (S2).
Source: Rakuten Research - 25 Nov 2019
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