Rakuten Trade Research Reports

Technical View- Public Packages Holdings Bhd

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Publish date: Wed, 02 Dec 2020, 02:38 PM
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Public Packages Holdings Bhd (8273)

• PPHB dropped 0.9% or 1 sen to RM1.10 yesterday.

• Technically speaking, share price is displaying strong buying momentum and saw bullish breakout on the back of higher trading volume. Recent surge has seen it currently attempting to re-test previous high and remains in upward trend.

• From here, resistance levels are identified at RM1.20 (R1) and RM1.40 (R2) level.

• Conversely, support levels are set at RM0.99 (S1) and RM0.86 (S2).

Source: Rakuten Research - 2 Dec 2020

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