Rakuten Trade Research Reports
Technical View - Perak Transit Bhd
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Publish date: Tue, 16 Feb 2021, 06:54 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 gained 2.5% or 2 sen to RM0.83 yesterday.
• After the pullback from recent high of RM0.925, yesterday’s price movement suggests some renewed buying interest supported by higher trading volume. Hence, present share price level could offer an entry opportunity and we expect the buying momentum to persist.
• From here, resistance levels are seen at RM0.90 (R1) and further to RM0.925 (R2).
• On the contrary, support levels are set at RM0.75 (S1) and RM0.775 (S2).
Source: Rakuten Research - 16 Feb 2021
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