PENEGY Stock Code 5133
Petra Energy may climb higher after breaching the MYR1.42 level in its latest session. Traders may buy as a bullish bias could be present above this level, with a target price of MYR1.53, followed by MYR1.62. The stock may turn sideways if it cannot violate the MYR1.42 mark. In this case, support is anticipated at MYR1.34, where traders can exit upon a breach.
source: RHB Research 30/11/2015
Petra Energy Berhad (“Group”) is an integrated brown field services provider with a proven track record spanning over two decades in providing a comprehensive range of services for the upstream oil and gas (O & G) industry. The Group also provides specialist services for the petrochemical and general industries in the domestic, regional and global markets.