Perak Transit rose above immediate resistance, says RHB Retail Research

Perak Transit rose above immediate resistance, says RHB Retail Research
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KUALA LUMPUR (Feb 22): RHB Retail Research said Perak Transit Bhd rose above the immediate resistance with higher trading volume.

In a trading stocks note today, the research house said a bullish bias appeared above the resistance level of 85.5 sen.

“We expect this momentum to scale higher and reach the next resistance level of 92 sen, followed by RM1.

“This positive expectation should remain valid, provided the 81.5 sen support does not fail,” it said.