RHB Retail Research
Trading Stocks - Petronas Dagangan
Petronas Dagangan was testing the MYR23.00 level in its latest session. A bullish bias may be present above this point, with a target price of MYR24.50, followed by MYR25.70. The stock may take a breather if it cannot breach above the MYR23.00 threshold in the near term. Support may be found at MYR21.00, where traders can exit upon a breach to limit the downside risk.
Source: RHB Securities Research - 2 Mar 2020
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