RHB Retail Research says Perdana Petroleum Berhad continued to a rebound coming from the 21-day SMA line and uptrend line (as drawn in the chart) – indicating that its rebound from mid-March is likely to extend further.
In a trading note, the research house says a positive bias may emerge above MYR0.18 while resistance levels are pegged at MYR0.21, followed by MYR0.225.
“A stop-loss can be placed below MYR0.18,” it says.
