RHB Retail Research
Trading Stocks - Perak Transit
Perak Transit’s upward momentum may persist after the stock recorded its highest close in more than 11 months. As the 21- day SMA line is likely to turn higher, the bullish sentiment has been enhanced. A positive bias may emerge above the MYR0.255 level, with an exit set below the MYR0.245 threshold. Towards the upside, the immediate resistance is at the MYR0.285 mark. This is followed by the MYR0.30 level.
Source: RHB Securities Research - 25 Nov 2019
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