Trading Stocks - Petron Malaysia Refining & Marketing - RHB Investment Research Reports

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Author: rhbinvest | Latest post: Fri, 19 Apr 2024, 10:36 AM

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Trading Stocks - Petron Malaysia Refining & Marketing

Author: rhbinvest | Publish date: Tue, 7 Jun 2022, 9:27 AM

Petron Malaysia Refining & Marketing is poised to move higher after bouncing off its support level to hit the MYR7.43 immediate resistance last Friday, supported by strong trading volume. If bullish momentum persists, and it breaches the immediate resistance, the stock may rise towards the MYR8.00 threshold, followed by MYR8.39. However, if it falls below the MYR6.70 support level, it may reverse in trend to move below the 21-day average line.

Source: RHB Securities Research - 7 Jun 2022

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Labels: PETRONM

Related Stocks

Chart	Stock Name	Last	Change	Volume
	PETRONM	4.90	+0.10 (2.08%)	403,200

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