RHB Retail Research
Trading Stocks - Pelikan International Corp
Pelikan International Corp is extending its upward movement after breaking away from the sideways consolidation zone. Premised on strong volume, the positive momentum may persist if it stays above the MYR0.315 immediate support level. It may then climb towards the next resistance of MYR0.33, followed by MYR0.34. Meanwhile, if it falls below the MYR0.30 support, the stock may trend downwards.
Source: RHB Securities Research - 29 Jun 2021
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