Rakuten Trade Research Reports
Technical View - Perak Transit Bhd
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Publish date: Fri, 24 Feb 2023, 02:22 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 (PTRANS, 0186)
• Share closed 4.63% higher at RM1.13 on Thursday.
• PTRANS rebounded marginally after reaching near its support level at RM1.06 and broke out from its resistance level at RM1.11 due to improved buying volume. Coupled with indicators showing uptick momentum, share price is expected to move higher.
• Resistance levels are identified at RM1.11 (R1) and RM1.17 (R2).
• On the flipside, support levels are pegged at RM1.06 (S1) and RM1.01 (S2).
Source: Rakuten Research - 24 Feb 2023
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