RHB Retail Research
Technical Analysis - Petronas Gas
Petronas Gas
Petronas Gas was testing the MYR19.50 level in recent sessions. A bullish bias may be present above this point with a target price of MYR20.00, followed by MYR21.00. The stock may drift sideways if it cannot surpass the MYR19.50 mark decisively in the near term. Support may be found at MYR18.16, where traders can exit upon a breach to limit the downside risk.
Source: RHB Securities Research - 13 Sept 2018
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