Friday 26 Apr 2024
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KUALA LUMPUR (Dec 26):  Shares in Perdana Petroleum Bhd rose 3.75% this morning following a positive technical outlook on the stock.

At 9.30am, Perdana Petroleum rose 1.5 sen to 41.5 sen, for a market capitalisation of RM323.07 million.

RHB Research Research said Perdana Petroleum Bhd may rebound higher after it continued holding above the 35.5 sen support.

In a trading stocks note today, the research house said given it formed a white candle for the second consecutive session, the positive sentiment has been enhanced.

“A positive bias may emerge above the 38.5 sen level, with an exit set below the 35.5 sen threshold.

“Towards the upside, the immediate resistance is at the 45 sen mark. This is followed by the 50 sen level,” it said.

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