Rakuten Trade Research Reports
Technical View - PT Resources Holdings Berhad
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Publish date: Thu, 26 Jan 2023, 11:21 AM
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To sign up for an account: http://bit.ly/40BNqKI
Rakuten Trade
Hotline: +603 2110 7110 (Account Opening, General enquiry)
Email: customerservice@rakutentrade.my
PT Resources Holdings Berhad (PTRB, 0260)
• Share price closed 3.54% higher at RM0.585 on Wednesday.
• PTRB has been on the uptrend since listed in October 2022. It found a support level at RM0.51 and rebounded mildly to trade above MA 20 and MA 50 lines currently. Coupled with bullish indicators showing uptick momentum, share price is expected to move higher.
• Resistance levels are identified at RM0.585 (R1) and RM0.645 (R2).
• On the flipside, support levels are pegged at RM0.51 (S1) and RM0.50 (S2).
Source: Rakuten Research - 26 Jan 2023
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