RHB Retail Research
Trading Stocks - Perak Transit
Perak Transit has been trading in a possible multi-month consolidation phase since Aug 2020 following its prior upward move. Towards the upside, if the stock cracks above the MYR0.85 resistance, it may test the next resistance levels of MYR0.90 and MYR0.95. A downside breach of MYR0.83 would negate this positive expectation.
Source: RHB Securities Research - 19 Jan 2021
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