RHB Investment Research Reports
Trading Stocks - Petra Energy
rhbinvest
Publish date: Fri, 12 Jan 2024, 03:46 PM
rhbinvest
0 3,589
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
Petra Energy is expected to propel higher after climbing above both the MYR0.99 immediate resistance on strong trading volume, and the rising 21-day SMA line. If it remains above that level, the positive momentum may take the stock towards the MYR1.08 recent high, before rising towards the MYR1.13 next resistance. In the event it falls below the MYR0.94 support, this expectation would be cancelled.
Source: RHB Securities Research - 12 Jan 2024
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