RHB Retail Research
Trading Stocks - Perdana Petroleum
Perdana Petroleum may rebound higher after it continued holding above the MYR0.355 support. Given it formed a white candle for the second consecutive session, the positive sentiment has been enhanced. A positive bias may emerge above the MYR0.385 level, with an exit set below the MYR0.355 threshold. Towards the upside, the immediate resistance is at the MYR0.45 mark. This is followed by the MYR0.50 level.
Source: RHB Securities Research - 26 Dec 2019
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