RHB Investment Research Reports
Trading Stocks - Perdana Petroleum
rhbinvest
Publish date: Tue, 27 Aug 2024, 12:35 PM
rhbinvest
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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
Perdana Petroleum is attempting to resume the upside movement, testing the immediate resistance with a bullish candlestick. The counter staged a rebound yesterday and touched the MYR0.405 resistance. In the event the bullish breakout happens, it may extend the rebound towards MYR0.435, followed by the MYR0.465 level. Conversely, falling below MYR0.365 support opens the door for further corrections.
Source: RHB Securities Research - 27 Aug 2024
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