RHB Retail Research
Trading Stocks - Pekat Group
Pekat Group is expected to retest its all-time high since it bounced off its bottom on strong volume recently. If it can break above the MYR0.80 resistance level, the stock may continue to travel towards the next resistance at MYR0.83, followed by MYR0.93. If the stock falls below the MYR0.75 support, this anticipation will be cancelled.
Source: RHB Securities Research - 2 Jul 2021
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