RHB Retail Research
Trading Stocks - Petron Malaysia Refining & Marketing
Petron Malaysia Refining & Marketing may rebound higher after it continued holding above the MYR6.00 support. As the stock rose above the 21-day SMA line, this indicates a positive sign. A bullish bias may appear above the MYR6.40 level, with an exit set below the MYR6.00 threshold. Towards the upside, the near-term resistance is at MYR7.00. This is followed by the MYR7.60 level.
Source: RHB Securities Research - 8 Jan 2019
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