Technical Stockpick - Perak Transit Bhd
Tue, 28-Jan-2025 07:14 am
by Amir Hamdan • Apex Research

PTRANS (0186)
Last Price (RM)
0.80
Resistance (RM)
R1 — 0.82 / R2 — 0.86
Support (RM)
S1 — 0.76

Technical Commentary:

Following a multi-month long of consolidation, price appears to have found stability and bounced off since late November 2024. Coming closer, golden crossover has occurred last month. Following the breakout above RM0.76, price may advance to target the next resistances located at RM0.82-RM0.86. Downside wise, support is pegged at RM0.76.

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Market Mover
Settlement Rates
Currency Buy Rates (RM) Sell Rates (RM)
USD 4.039986 4.071308
EUR 4.712077 4.716244
CNY 0.582638 0.583104
HKD 0.518334 0.521855
SGD 3.143770 3.165352