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