RHB Retail Research
Technical Analysis - Perak Transit
Perak Transit was testing the MYR0.29 level in its latest session. A bullish bias may be present above this point with a target price of MYR0.30, followed by MYR0.315. The stock may take a breather if it cannot breach above the MYR0.29 threshold in the near term. Support may be found at MYR0.27, where traders can exit upon a breach to minimise the downside risk.
Source: RHB Securities Research - 18 Sept 2018
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