Technical Stockpick - Press Metal Aluminium Holdings
Wed, 25-Jun-2025 06:17 am
by Amir Hamdan • Apex Research

PMETAL (8869)
Last Price (RM)
4.990
Resistance (RM)
R1 — 5.230 / R2 — 5.400
Support (RM)
S1 — 4.780

Technical Commentary: 

Price turned into a consolidation pattern since the start of the year and formed a triple top pattern. Since then, price appears to have bottomed out and currently recovering above all moving averages. For now, traders may monitor for impending flag formation breakout above RM5.00 to target the next resistance located at RM5.23-RM5.40. Downside wise, support is pegged at RM4.78.

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Market Mover
Settlement Rates
Currency Buy Rates (RM) Sell Rates (RM)
USD 4.210973 4.249411
EUR 4.954495 4.965490
CNY 0.589445 0.590817
HKD 0.536642 0.541158
SGD 3.306006 3.333319