Perak Transit – Uptrend?

Small-cap Perak Transit (PTRANSIT) appears on an uptrend on the daily chart

  • Supported by rising MAs and price is above all MAs
  • RSI>50
  • Positive MACD
  • Rising volume
  • ADX > 20

PTRANSIT 22112019D.png

On the longer timeframe (weekly), we may be seeing the 20W EMA is about to cross above the 50W EMA. May see some resistance zone around $0.28-$0.305.

PTRANSIT 22112019W.png

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