Technical Stockpick - Press Metal Aluminium Holdings
Fri, 19-Dec-2025 06:58 am
by Research Team • Apex Research

PMETAL (8869)
Last Price (RM)
7.00
Resistance (RM)
R1 — 7.40 / R2 — 7.60
Support (RM)
S1 — 6.71

Technical Commentary:

After a consolidation in May, the stock staged a strong rally and has since remained in an uptrend. The recent decisive breakout above the RM6.90 resistance confirms trend continuation, supported by firm volume and price holding above the short-term EMAs. Sustained strength above RM6.90 would open the path towards the next resistance levels at RM7.40 and RM7.60, while RM6.71 serves as the immediate support on any pullback.

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Market Mover
Settlement Rates
Currency Buy Rates (RM) Sell Rates (RM)
USD 4.071594 4.103148
EUR 4.788661 4.792351
CNY 0.580700 0.581157
HKD 0.523467 0.527018
SGD 3.153405 3.174965