Rakuten Trade Research Reports
Technical View - Perdana Petroleum Bhd (PERDANA, 7108)
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Publish date: Wed, 04 Dec 2019, 09:11 AM
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Hotline: +603 2110 7110 (Account Opening, General enquiry)
Email: customerservice@rakutentrade.my
Perdana Petroleum Bhd (7108)
• PERDANA rose 5.8% or 2 sen to RM0.365 yesterday.
• PERDANA closed with second consecutive gain yesterday following the sell down from the high of RM0.48 recently. This could suggest renewed buying interest and the rebound may continue from positive movements in key indicator.
• From here, resistance levels are seen at RM0.400 (R1) and RM0.425 (R2).
• On the contrary, support levels can be identified at RM0.330 (S1) and RM0.300 (S2).
Source: Rakuten Research - 4 Dec 2019
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