RHB Retail Research
Technical Analysis - Perak Transit
Perak Transit
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Perak Transit was testing the MYR0.265 level in its latest session. A bullish bias may be present above this point with a target price of MYR0.28, followed by MYR0.30. The stock may drift sideways if it cannot surpass the MYR0.265 threshold in the coming sessions. Support may be found at MYR0.235, where traders can exit upon a breach to minimise the downside risk.
Source: RHB Securities Research - 18 Jun 2018
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