Perdana may decline after it failed to come up with a positive candle following last Thurday’s “Long Black Day”. A position can be liquidated on a close below the five-day low of RM0.685 and supports are expected at RM0.61 and RM0.58. An aggressive trade may even exit below RM0.70. However, a close above RM0.75 will erase the weak bias and should see it higher. Resistance levels are at RM0.80 and RM0.85
Source: OSK
No comments:
Post a Comment