RHB Retail Research
Trading Stocks- Perdana Petroleum
Perdana Petroleum continued to a rebound coming from the 21-day SMA line and uptrend line (as drawn in the chart) – indicating that its rebound from mid-March is likely to extend further. A positive bias may emerge above MYR0.18 while resistance levels are pegged at MYR0.21, followed by MYR0.225. A stop-loss can be placed below MYR0.18.
Source: RHB Securities Research - 4 Jun 2020
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