RHB Investment Research Reports
Trading Stocks - Perak Transit
rhbinvest
Publish date: Tue, 21 Jun 2022, 09:17 AM
rhbinvest
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An official blog in I3investor to publish research reports provided by RHB Research team.
All materials published here are prepared by RHB Investment Bank Bhd. For latest offers on RHB Invest trading products and news, please refer to: http://www.rhbinvest.com
RHB Investment Bank Bhd
Level 3A, Tower One, RHB Centre
Jalan Tun Razak
Kuala Lumpur
Malaysia
Tel : +(60) 3 9280 8888
Fax : +(60) 3 9200 2216
All materials published here are prepared by RHB Investment Bank Bhd. For latest offers on RHB Invest trading products and news, please refer to: http://www.rhbinvest.com
RHB Investment Bank Bhd
Level 3A, Tower One, RHB Centre
Jalan Tun Razak
Kuala Lumpur
Malaysia
Tel : +(60) 3 9280 8888
Fax : +(60) 3 9200 2216
Perak Transit is poised to resume its uptrend as it reclaimed above the 21-day average line yesterday while eyeing to hit the MYR0.725 immediate resistance. If it manages to move past that level, the stock may travel towards 23 May’s high of MYR0.75, followed by MYR0.80 or 22 Feb 2021’s high. However, the stock may reverse direction if it falls below the MYR0.69 support – forming a “lower low” bearish pattern beneath the average line.
Source: RHB Securities Research - 21 Jun 2022
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
