Rakuten Trade Research Reports
Technical View - Perak Transit Bhd (PTRANS, 0186)
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Publish date: Mon, 28 Sep 2020, 05:19 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 closed 3.6% or 1 sen higher to RM0.285 last Friday.
• Recent price action indicates positive buying support on the back of higher trading volume. Technically, the positive upticks in the key momentum indicator is also signalling stronger buying momentum and share price is likely to stage breakout above the RM0.30 level.
• Should it break RM0.285 level, next resistance levels are seen at RM0.30 (R1) and RM0.33 (R2).
• On the downside, support levels are expected at RM0.25 (S1) and RM0.22 (S2).
Source: Rakuten Research - 28 Sept 2020
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