RHB Retail Research
Trading Stocks - Petron Malaysia Refining & Marketing
Petron Malaysia Refining & Marketing is attempting to cross above the resistance level. As trading volume has risen of late, the stock is poised to challenge the immediate resistance level marked at MYR5.35. If it breaches the resistance, it may move higher to test the next resistance level of MYR5.80, followed by MYR6.25. This positive expectation should remain valid, provided the MYR4.90 support is not breached.
Source: RHB Securities Research - 19 Feb 2021
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