Petra Energy may climb higher after posting a white candle and hitting its new 52-week high. As the 21-day SMA line is likely to turn higher, the bullish sentiment has been enhanced. A positive bias may emerge above the MYR1.30 level, with an exit set below the MYR1.20 threshold. Towards the upside, the immediate resistance is at the MYR1.45 mark. This is followed by the MYR1.50 threshold.
Source: RHB Securities Research - 10 Oct 2019
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Created by rhboskres | Aug 26, 2024