Quick take: Plastrade shares up on technical buy

TheStar Wed, Sep 02, 2020 09:40am - 3 years View Original


KUALA LUMPUR: Shares in Plastrade Technology Bhd (PTB) rose 5% in early trade Thursday following a technical buy call from PublicInvest Research.

The power cables manufacturer added 5.56%, or one sen to 19 sen, its highest since late May.

PublicInvest said PTB is attempting to extend its current uptrend.

“Improving MACD and RSI indicators currently signal reasonable entry level, with anticipation of continuous improvement in both momentum and trend in the near term.

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