RHB Retail Research
Trading Stocks - Perak Transit
Perak Transit formed a white candle to cross above both the 21-day SMA line and the multi-week downtrend line (as drawn in the chart). A positive bias may emerge above MYR0.27, with resistance levels set at MYR0.295 and MYR0.315. This positive expectation would remain in place, provided the MYR0.27 support is not breached.
Source: RHB Securities Research - 18 Sept 2020
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