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FTSE Bursa Malaysia KLCI (^KLSE) 1,646.53 14.83 (0.90%)
updated at: Wed, 09 Dec 2020, 05:25PM MYT

Press Metal may rebound higher, says RHB Retail Research

PMETAL
PMETAL
Original Source From TheEdge Publish at Wed, 01 Apr 2020, 08:18AM

KUALA LUMPUR (April 1): RHB Retail Research said Press Metal Aluminium Holdings Bhd may rebound higher after it continued holding above the RM2.80 support.

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

“An upbeat bias may emerge above the RM3.16 level, with an exit set below the RM2.80 mark.

“Towards the upside, the immediate resistance is at the RM3.72 level, followed by the RM4.02 threshold,” it said.

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Top Participation View More
updated at: Fri, 29 May 2020 MYT
Participation (%)
Bought (MYR)
Sold (MYR)
Net
Foreign
( 24,36 % )
2.31 B 2.23 B 77.37 M
Local Institution
( 39,38 % )
3.66 B 3.67 B 0.00 B
Local Retail
( 36,26 % )
3.34 B 3.41 B -0.07 B