ZLBT Random Stock Pick >>> PERDANA (7108)

PERDANA PETROLEUM BHD (7108)

PERDANA has been trading above its upward sloping 20-Day Moving Average which is a good sign. It is important to calculate the risk/reward as the recent upward movement has pushed the price to be quite far from the support level of 0.84     GOOD LUCK

Random Stock Pick >>> PERDANA PETROLEUM (7108)

For Perdana Petroleum shares, a decisive breakout above 72sen (23.6%FR), matching the upper Bollinger band, could fuel further upside towards 83sen (38.2%FR) and 92sen (50%FR), with RM1.00 (61.8%FR) as stronger resistance ahead of profit‐taking correction. Support is also seen at the 50‐day ma (67sen).

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